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Which of the Following Is Not a Base-Forming Element

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Which of the following is not a base-forming element?


Definitions:

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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