Conditions Precedent Are Events That Must Happen Before Contract Performance

question 125

True/False

Conditions precedent are events that must happen before contract performance is required.

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Definitions:

Great Recession

A period of major economic stagnation across the United States and western Europe, characterized by rising unemployment and inflation and a 37 percent decline in the stock market between March and December 1974.

Minorities

Groups in a society who are smaller in number and often face differential treatment or disparities in terms of opportunities and rights.

Great Recession

A severe global economic downturn that began in 2007 and lasted until approximately 2009, marked by high unemployment, financial crises, and a decline in consumer spending.

Internet

A global network of computers that allows users to access and share information across vast geographic distances instantaneously.