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Wiseman's Idea of the Bond/bind Dilemma Explains

question 22

Multiple Choice

Wiseman's idea of the bond/bind dilemma explains:


Definitions:

Condition Subsequent

A future event or circumstance that, upon occurring, will terminate obligations under a contract or legal agreement.

Obligations Cessation

Refers to the termination or discontinuation of legal duties or responsibilities, which can occur due to various reasons including the fulfillment, release, or expiration of the obligation.

Condition Precedent

A condition precedent is a contractual condition that must be fulfilled before a party's promise or obligation becomes binding.

Obligations Commencement

The starting point or effective date when obligations or duties under a contract or agreement begin.

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