What is the correct name for a term in an agreement which provides that the agreement will terminate upon the happening of a certain event?

Question

Quizplus · Accepted Answer

A condition subsequent is a term in an agreement that provides that the agreement will terminate upon the happening of a certain event. This means that the agreement will continue until the specified event occurs. After the specified event occurs, the agreement will be terminated or ended. Option A refers to a condition that must be satisfied before a contract can come into effect. Option B refers to a condition that will cause an existing contract to terminate. Option D refers to a condition that exists before a contract is formed.

What Is the Correct Name for a Term in an Agreement