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Eddie Reyes
on Nov 21, 2024

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Contractual conditions consist of ________.

A) conditions precedent only
B) conditions precedent and subsequent only
C) conditions precedent and concurrent only
D) conditions precedent, subsequent, and concurrent
E) conditions nominal and concurrent

Conditions Precedent

Specific conditions outlined in a contract that must be met before a party is required to fulfill their contractual obligations.

Conditions Subsequent

Specific conditions outlined in a contract that must occur or be performed after a specified event or action, which can affect parties' rights and obligations.

Conditions Concurrent

In a contract, these are conditions that must occur or be performed at the same time by the parties involved for the contract to become effective.

  • Familiarize oneself with the function of conditions in the enforcement and completion of contracts.
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Cameren HightNov 27, 2024
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