A condition that terminates an already existing duty of performance is known as a(n) _____.

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A condition subsequent is a condition that terminates an already existing duty of performance. It is a future event, the occurrence or non-occurrence of which automatically brings an existing duty to perform to an end. Examples of condition subsequent include a contract that terminates on the death of one of the parties, or a contract that terminates if one party fails to make timely payments. The other options do not accurately describe a condition that terminates an existing duty of performance.

A Condition That Terminates an Already Existing Duty of Performance