There Are Two Types of Conditions That Can Be Placed

question 82

True/False

There are two types of conditions that can be placed on contracts and affect a party's duty to perform the promise agreed to in the contract.

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Definitions:

Deregulated

The reduction or elimination of government power in a particular industry, usually enacted to encourage competition and increase efficiency.

Banking

The industry involving the holding, lending, and managing of money and financial instruments for individuals, businesses, and governments.

Trucking

The industry or activity of transporting goods by road, typically involving large vehicles known as trucks.

Airlines

Businesses that offer services for flying both passengers and cargo.