The Failure to Meet a Condition Precedent Makes a Contract

question 7

True/False

The failure to meet a condition precedent makes a contract unenforceable.

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Definitions:

Outside Employment

A situation in which an individual holds a job external to their primary place of employment, often to supplement income or gain additional experience.

Financial Capital Market

The complex set of institutions in which suppliers of capital (households that save) and the demand for capital (firms wanting to invest) interact.

Institutions

Structures and mechanisms of social order governing the behavior of a set of individuals within a given community, such as legal codes, money, and schools.

Economists

Professionals who study, develop, and apply theories and concepts from economics to analyze how societies utilize scarce resources to produce valuable commodities and distribute them among different people.