A(n) _______ is a promise that depends on the occurrence of a specified condition in order for the promise to be binding.
A) cancellation provision.
B) preexisting legal obligation.
C) conditional promise.
D) good-faith adjustment.

Question

Quizplus · Accepted Answer

A conditional promise is a promise that depends on the occurrence of a specified condition in order for the promise to be binding. A cancellation provision allows for the termination of a contract under certain circumstances, a preexisting legal obligation refers to a duty that already exists under the law or a previous agreement, and a good-faith adjustment typically refers to a mutually agreed-upon modification of an existing contract.

A(n) _______ Is a Promise That Depends on the Occurrence