A(n)____________________ Is a Variable Set to Indicate Whether Some Event

question 2

Short Answer

A(n)____________________ is a variable set to indicate whether some event has occurred.

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Definitions:

Condition Subsequent

A condition in a contract that, when fulfilled, can terminate the contract’s obligations or bring it to an end.

Full Force And Effect

A legal term indicating that all terms of a contract or law are currently active and enforceable.

Financing

The act of providing funds for business activities, making purchases, or investing.

Discharged By Frustration

A contract termination because an unforeseen event makes contractual obligations impossible to perform or drastically changes the party's principal purpose for entering into the contract.