Examlex
Which of the following statements is true?
Conditions Precedent
Specific conditions outlined in a contract that must be met before a party is required to fulfill their part of the agreement.
Conditions Subsequent
Contractual clauses that stipulate certain events or actions must occur or fail to occur, which will terminate an existing obligation or contract.
Nominal Conditions
Conditions in name only, having little to no impact on the terms or outcome of a contract or agreement.
Specific Performance
A legal remedy in contract law that requires a party to perform their obligations under a contract, rather than only compensating the other party with money.
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