A(n)________ Refers to a Condition That Requires the Occurrence of an Event

question 9

Multiple Choice

A(n) ________ refers to a condition that requires the occurrence of an event before a party is obligated to perform a duty under a contract.

• A)Condition precedent
• B)Condition subsequent
• C)Concurrent condition
• D)Implied condition

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Definitions:

Online Communities

Virtual spaces where individuals gather to share information, interact, and form relationships around common interests.

Social Networking Sites

Websites that provide a virtual community for people to socialize about a particular subject or any topic in general.

Channel Conflict

Conflict between two or more members of a supply chain, such as a manufacturer, wholesaler, or retailer.

Extranets

Private networks that use internet technology to securely share part of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.