Which of the following statements is accurate regarding a condition?
A)A condition is created only when the phrase "provided that" or a similar phrase introduces it.
B)A condition is an event that must occur before a party becomes obligated under a contract.
C)A condition must be expressly stated in order to be enforced.
D)A condition will not be enforced by the courts unless formal language is used, regardless of the intent of the parties to create a condition.

Question

Quizplus · Accepted Answer

A condition is a requirement that must be met before a party is obligated under a contract, such as the completion of certain tasks or the occurrence of a specific event. It does not require any specific language to be enforced, and may be implied from the context of the agreement.

Which of the Following Statements Is Accurate Regarding a Condition