________ refers to a condition whose occurrence or nonoccurrence of a specific event automatically excuses the performance of an existing contractual duty to perform.
A)Condition precedent
B)Condition subsequent
C)Concurrent condition
D)Implied condition

Question

Quizplus · Accepted Answer

A condition subsequent is a condition that, if it occurs, can terminate an existing contractual obligation, thus excusing performance.

________ Refers to a Condition Whose Occurrence or Nonoccurrence of a Specific