Which of the Following Is a Condition Subsequent

question 13

Multiple Choice

Which of the following is a condition subsequent?

• A)"I promise to do X if I succeed in getting a loan."
• B)"I promise to do X on the condition that the Cubs win the World Series."
• C)"I promise to do X unless Al Gore is elected President in 2000."
• D)"I promise to do X assuming that inflation stays below 3% in 1997."

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Definitions:

Disposable Personal Income

Funds available to families for saving or spending after subtracting income taxes.

Retained Earnings

The portion of net income that is kept by a company rather than distributed to its shareholders as dividends, used for investment or paying off debt.

Social Insurance Contributions

Payments made to social security systems by employers, employees, or the self-employed, used to fund public programs such as pensions, unemployment benefits, and health care.

Transfer Payment

Payments made by the government to individuals for which no good or service is provided in return, such as welfare benefits.