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What Is the Legal Effect of a Condition Precedent

Question 24

Multiple Choice

What is the legal effect of a condition precedent?


A) It prevents a contract from coming into existence if a particular condition is not met.
B) It relieves a party from performing a contract if a particular condition is not met.
C) It is a term that,if breached,entitles the other party to cancel the contract.
D) It permits a party to limit liability for damages.

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