A Clause in a Contract That Makes a Contract Enforceable

question 23

Multiple Choice

A clause in a contract that makes a contract enforceable against a buyer if the buyer is able to obtain financing is

• A) a condition precedent.
• B) a limitation of liability clause.
• C) an entire contract clause.
• D) a condition subsequent.

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Definitions:

Identification

The process by which individuals perceive themselves as belonging to a particular group, enhancing their sense of identity.

Communal Orientation

A perspective or approach in social psychology that emphasizes the importance of community and collective well-being over individual interests.

Exchange Relationship

A type of social interaction rooted in mutual benefit, where parties provide something to one another expecting something in return.

Partner

A member of a business or firm who shares its risks and profits or an individual who takes part with another or others in a relationship or activity.