Failure to Satisfy a Condition Precedent Excuses the Performance of a Contracting

question 101

True/False

Failure to satisfy a condition precedent excuses the performance of a contracting party even if the condition is a minor part of the transaction.

---

Definitions:

Marginal Social Benefit

The additional benefit to society that results from producing one more unit of a good or service.

Street Cleanings

The process of removing dirt, litter, and other debris from roads and public places to maintain cleanliness and safety.

Increases

A situation or condition where there is a rise in a numerical value or quantity.

Efficient Quantities

The levels of production or consumption that optimize the use of resources and maximize value creation or utility.