The provision that Maurice did not have to buy the house unless he was able to get a loan is referred to as which of the following?
A) A condition subsequent
B) A condition precedent
C) A bona fide condition
D) A condition concurrent
E) An exculpatory condition

Question

Quizplus · Accepted Answer

A condition precedent is a particular event that must occur in order for a party's duty to arise. Express conditions are explicitly stated in the contract and are usually preceded by words such as conditioned on, if, provided that, or when.

The Provision That Maurice Did Not Have to Buy the House