Which of the Following Statements Is Accurate Regarding a Condition

question 34

Multiple Choice

Which of the following statements is accurate regarding a condition?

• A)A condition is created only when the phrase "provided that" or a similar phrase introduces it.
• B)A condition is an event that must occur before a party becomes obligated under a contract.
• C)A condition must be expressly stated in order to be enforced.
• D)A condition will not be enforced by the courts unless formal language is used, regardless of the intent of the parties to create a condition.

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Definitions:

Improbable

Unlikely to occur or be true.

Estopped

Estopped refers to a legal principle that prevents a person from arguing something contrary to a claim they previously made or agreed to by their actions or words.

Requisite Authority

The necessary or required power, permission, or jurisdiction to perform an action or enforce a policy.

Power of Attorney

A legal document that allows one person to act on another's behalf in legal matters or financial transactions.