Which of the following statements is TRUE with respect to various uses of the word "condition" as that word was used in Chapter 11?
A) A condition subsequent suspends the creation of a contract until a certain event has occurred.
B) A condition precedent always leads to the existence of secondary obligations.
C) If a condition subsequent is not satisfied,then the contract is rescinded.
D) A party who fails to perform a condition may be held liable for damages.
E) A contract cannot involve both a condition subsequent and a true condition precedent.
Correct Answer:
Verified
Q42: Pym had an idea for an invention.Campbell
Q43: Pina contractually agreed to purchase a shipment
Q44: Brock contractually agreed to build a deck
Q45: Melton enters into an agreement with Onyx
Q46: Which of the following sets of concepts
Q48: Jonathan visits Michael's garage sale and decides
Q49: Part of the law's response to a
Q50: Svetlana,a carpenter,agreed to make 100 maple bats
Q51: Jerry is interested in purchasing Tom's vinyl
Q52: Rande contractually agreed to purchase his electricity,for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents