Which One of the Following Statements Accurately Describes the Operation

question 79

Multiple Choice

Which one of the following statements accurately describes the operation of a condition subsequent?

• A) This occurs when some event that the parties have not anticipated makes performance radically different from what they agree to.
• B) This occurs when one party shows up at the right time and place ready, able, and willing to carry out his obligations under the contract.
• C) This is a term in a contract that must be met before the contract becomes fully operational.
• D) There is no such thing recognized in the common law.
• E) This is a term in the contract that provides for the premature cessation (ending) of the parties' obligations upon the occurrence of some particular event.

---

Definitions:

Court Order

A legal directive issued by a court requiring a party to do or refrain from doing specific acts.

Mainstream Economics

A body of economic theories and models that are widely accepted and taught, focusing on market structures, equilibrium, and the role of government interventions.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, starting in the United States, causing widespread poverty and unemployment.

Poverty

A condition where individuals or communities lack the financial resources to meet basic needs such as housing, food, and healthcare.