A Condition Subsequent Is a Condition That Must Occur Before

question 26

True/False

A condition subsequent is a condition that must occur before a party to a contract has an obligation to perform under the contract.

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Definitions:

Cultural Ideals

The values and norms that are widely held and celebrated within a culture.

Traditional Social Responsibility

The ethical framework that suggests an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.

Inner Circle

A small, intimate group of people who are considered to be close confidants or trusted advisors.

Tribal Members

Individuals who belong to a specific tribe or group, sharing common customs, traditions, and beliefs.