An Uncertain Future Event,the Occurrence of Which Is Necessary for the Existence

question 53

Multiple Choice

An uncertain future event,the occurrence of which is necessary for the existence of a contractual obligation is called:

• A)a condition precedent
• B)a condition subsequent
• C)a concurrent condition
• D)a constructive condition

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Definitions:

Noncompensatory Decision Rule

A decision-making strategy where an option is rejected if it fails to meet at least one important criterion, regardless of its merits in other areas.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives to achieve a desired objective.

Extended Problem-Solving

A consumer behavior process involving careful and deliberate effort in researching and comparing different products before making a purchase.

Limited Problem-Solving

A consumer decision-making process used for purchases that require a moderate level of deliberation and effort.