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Stock market indexes:
Condition Subsequent
In a contract, a future event that terminates the obligations of the parties when it occurs.
Conditional Contract
A contract that becomes enforceable only upon the occurrence of certain conditions or the performance of a particular act.
Implied Conditions
Terms and stipulations that, although not expressly stated, are understood to be part of a contract based on the nature of the transaction.
Complete Performance
Contract performance that occurs when all aspects of the parties’ duties under the contract are carried out perfectly.
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