Which of the Following Is a False Statement Regarding a Condition

question 70

Multiple Choice

Which of the following is a false statement regarding a condition precedent?

• A)When an entire contract is conditioned on something occurring first,that first thing is known as a condition precedent.
• B)The parol evidence rule does not apply to evidence of a condition precedent.
• C)Evidence of the existence of a condition precedent agreed to orally is inadmissible.
• D)A contract is not modified by evidence of the existence of a condition precedent.
• E)A contract's enforceability is called into question by evidence of the existence of a condition precedent.

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Definitions:

Misstate Information

To provide incorrect or misleading information, either intentionally or unintentionally.

Criminal Sanctions

Punishments or penalties imposed for violations of criminal laws, intended to deter illegal activities and punish offenders.

Punitive Fines

Financial penalties imposed by a court, not to compensate the plaintiff, but to punish the defendant and deter future misconduct.

Ultramares Doctrine

A legal principle that limits the liability of auditors to third parties, based on the notion that auditors should only be held liable for fraud or gross negligence.