If a Contract Contains a Condition Precedent It Means That

question 52

Multiple Choice

If a contract contains a condition precedent it means that:

• A) performance will be due upon the happening of some specified future event.
• B) performance will be excused upon the happening of some specified future event.
• C) performance must be completely done according to contract specifications or the contract is breached.
• D) impossibility of performance will not be an acceptable excuse for nonperformance.
• E) performance will be due upon the simultaneous duty to perform of the parties.

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Definitions:

Switzerland

A country in Central Europe known for its neutrality, precision machinery, chocolate, and high-quality life.

Korea

A country located on the Korean Peninsula in East Asia, known for its rich cultural heritage, technological innovation, and divided into two sovereign states: North Korea and South Korea.

China

A country in East Asia, the world's most populous nation, with a rich history, diverse culture, and a rapidly growing economy.

Japan

A country located in East Asia, known for its rich culture, technological advancements, and significant contributions to the global economy.