A condition subsequent in a contract
A) implies that performance must be completely done according to contract specifications or the contract is breached.
B) excuses performance upon the happening of some specified future event.
C) does not allow impossibility of performance as an acceptable excuse for nonperformance.
D) does not allow performance to be excused due to an unexpected event in the future.
E) involves implied concurrent conditions of performance.

Question

Quizplus · Accepted Answer

A condition subsequent in a contract excuses performance upon the happening of some specified future event. A condition subsequent excuses contractual performance if some future event takes place. A marine insurance policy might terminate coverage for any shipping losses if war is declared. This is a condition subsequent.

A Condition Subsequent in a Contract