Contractual conditions consist of ________.
A) conditions precedent only
B) conditions precedent and subsequent only
C) conditions precedent and concurrent only
D) conditions precedent, subsequent, and concurrent
E) conditions nominal and concurrent

Question

Quizplus · Accepted Answer

Contractual conditions can include conditions precedent (which must occur before a party is required to perform their part of the contract), conditions subsequent (which can terminate a party's obligation to perform if they occur after the contract has been executed), and conditions concurrent (where the parties' obligations are to be performed simultaneously).

Contractual Conditions Consist of ________