A Base Value Can Either Be Another Calculated Field That

question 15

True/False

A base value can either be another calculated field that resolves to a value or an absolute value.

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Definitions:

Express Condition

A clearly defined and articulated term or stipulation within a contract that must be met for the contract to be fulfilled.

Implied Condition

A term or condition in a contract not expressly stated but assumed to exist based on the nature of the agreement and the parties' intentions.

Constructive Condition

A condition inferred by law in contracts, implying that certain promises must be fulfilled before other corresponding duties are required.

Impossibility

Impossibility describes a situation where an event or action cannot occur or be performed.