A term in a contract that says that on the occurrence of a specific event the parties' obligations will end is an example of a
A) condition subsequent.
B) condition precedent.
C) discharge by frustration.
D) tender of performance.
E) discharge by agreement.

Question

Quizplus · Accepted Answer

A condition subsequent is a contract term that ends the parties' obligations upon the occurrence of a specified event.

A Term in a Contract That Says That on the Occurrence