Examlex
Which of the following is not a base-forming element?
Payment Obligation
A legally binding commitment to pay a specified amount of money to another party under the terms of a contract or agreement.
Impossibility
A legal defense in contracts referring to situations where an unforeseen event makes it impossible for a party to fulfill their contractual obligations.
Remote Event
An occurrence that has a very low probability of happening, often considered insignificant in decision-making processes due to its unlikely nature.
Condition Precedent
A clause in a contract that requires certain conditions to be met before the contract or parts of it becomes enforceable.
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