What Is a Condition Precedent

question 47

Multiple Choice

What is a condition precedent?

• A) An event that is related to a contract and happens before a contract takes effect.
• B) An unconditional undertaking given by a promisee to the promisor to perform an event before a contract takes effect.
• C) An undertaking, conditional on the execution of a contract between the parties, that a promisee makes to a promisor prior to entering into a contract.
• D) An event that happens before a contract takes effect.
• E) Any set of circumstances or events that the parties agree must be satisfied or must happen before their contract takes effect.

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Definitions:

Conscientiousness

A personality trait characterized by thoroughness, a desire to do a task well, and attention to detail.

Job Setting

The environment or location where an individual's professional work activities take place, including the physical and cultural atmosphere.

Five-Factor Model

A comprehensive model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism, used in psychological assessment.

Agreeableness

A personality trait that reflects the extent of a person's warmth and kindness towards others.