Examlex
Which of the following represents the correct order of steps usually taken in a Southern analysis?
Condition Precedent
A condition in a contract that must be met before a party's obligation becomes enforceable.
Condition Subsequent
A legal term referring to an event or state of affairs that, if it occurs, will terminate a party's rights under a contract.
Repudiation
The rejection or denial of the validity of a contract, claim, or other obligations, implying an intent not to fulfill the terms.
Breach of Contract
The failure, without legal excuse, to perform any promise or obligation stated in a contract, which may entitle the other party to legal remedies such as damages.
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