Examlex
Match each of the following items with the appropriate description in determining whether sales/use tax typically must be collected.
-Computer equipment purchased by a charity.
Condition Precedent
A legal term for a condition that must be fulfilled before a party is required to perform a contractual obligation.
Perform
To carry out a task or to execute an action, especially in accordance with requirements or expectations.
Contract Formation
The process by which parties reach a mutual understanding and agreement that is legally enforceable.
Frustration
A feeling of being upset or annoyed, especially because of inability to change or achieve something, or in legal terms, the prevention of fulfilling a contract due to unforeseen events.
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