Which One of the Following Statements Accurately Describes the Operation

question 157

Multiple Choice

Which one of the following statements accurately describes the operation of a condition subsequent?

• A) This occurs when one party shows up at the right time and place ready, able, and willing to carry out his obligations under the contract.
• B) This is a term in a contract that must be met before the contract becomes fully operational.
• C) This occurs when some event that the parties have not anticipated makes performance radically different from what they agree to.
• D) There is no such thing recognized in the common law.
• E) This is a term in the contract that provides for the premature cessation (ending) of the parties' obligations upon the occurrence of some particular event.

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Definitions:

Biologicals

Pharmaceuticals derived from biological sources.

Prescott Pharmaceuticals

Prescott Pharmaceuticals is a hypothetical or fictional company often used in various scenarios or studies. Without context, its specific characteristics can't be precisely defined.

Straight Line Pay

A method of compensation that is consistent and unchanging over a period, contrary to performance-based pay.

Performance Incentive

A reward system designed to encourage workers to achieve specific performance targets.