Which one of the following statements accurately describes the operation of a condition subsequent?
A) 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.
B) This is a term in a contract that must be met before the contract becomes fully operational.
C) This occurs when some event that the parties have not anticipated makes performance radically different from what they agreed to.
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.

Question

Quizplus · Accepted Answer

A condition subsequent is a contract term that ends the obligations of the parties involved if a certain event occurs. It differs from conditions precedent, which are conditions that must be met for a contract to become effective. Conditions subsequent are designed to terminate the contract upon the happening of a specified event.

Which One of the Following Statements Accurately Describes the Operation