The Provision That Maurice Did Not Have to Buy the House

question 21

Multiple Choice

The provision that Maurice did not have to buy the house unless he was able to get a loan is referred to as which of the following?

• A) A condition subsequent
• B) A condition precedent
• C) A bona fide condition
• D) A condition concurrent
• E) An exculpatory condition

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Definitions:

Unique Framing

The practice of presenting or structuring information, concepts, or physical items in a distinctive or novel manner that sets them apart.

Original Contract

A primary agreement between parties before any amendments, modifications, or revisions.

Ethical And Equitable

These terms refer to principles and practices that are morally right and fair, ensuring justice and equality in various contexts.

Consideration

A fundamental concept in contract law that involves something of value given by both parties to an agreement as an inducement to enforce the contract.