Which One of the Following Statements Accurately Describes the Operation

question 101

Multiple Choice

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

• A) This occurs when one party shows up at the right time and place ready, willing, and able 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 agreed to.
• D) There is no such thing recognized in the common law.
• E) This is a term in a contract that provides for the cessation (ending) of the parties' obligations upon the occurrence of some particular event.

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Definitions:

Cyber Crime

A crime that occurs online, in the virtual community of the Internet, as opposed to the physical world.

Immunity

The legal protection against prosecution or liability, often granted to individuals to encourage them to provide evidence or testimony without fear of repercussions.

Encryption

The process of converting information or data into a code, especially to prevent unauthorized access, ensuring data privacy and security.

Felony

A serious crime, typically one punishable by imprisonment for more than one year or by death.