Primetime Events has hired the Janglers to perform at its concert hall,but the contract provides it can be cancelled if Primetime cannot sell more than 1000 tickets before December 1.What is the name given to the term that would allow Primetime to cancel the contract?
A) escape clause
B) exclusion clause
C) condition precedent
D) condition subsequent

Question

Quizplus · Accepted Answer

This term is known as a "condition subsequent," which refers to a condition in a contract that, if it occurs, can alter the parties' obligations or terminate the contract. In this case, if Primetime Events cannot sell more than 1000 tickets before December 1, it can cancel the contract with the Janglers, making it a condition subsequent.

Primetime Events Has Hired the Janglers to Perform at Its