In case of a condition precedent,if the event does not occur,no duty to perform the contract arises.

Question

Quizplus · Accepted Answer

A condition precedent is a condition that must be fulfilled before a party's duty to perform in a contract arises. If the event that triggers the condition precedent does not occur, then the party is not required to perform under the contract. Therefore, the statement "In case of a condition precedent, if the event does not occur, no duty to perform the contract arises" is true.

In Case of a Condition Precedent,if the Event Does Not