Asked by
Madison Fitch
on Nov 10, 2024
Verified
A term in a contract that says that on the occurrence of a specific event the parties' obligations will end is an example of a
A) condition subsequent.
B) condition precedent.
C) discharge by frustration.
D) tender of performance.
E) discharge by agreement.
Condition Subsequent
A condition in a contract that, if it occurs, terminates the contract or an obligation under the contract.
Discharge By Agreement
Agreement by the parties that a contract is ended.
Discharge By Frustration
The termination of a contract due to unexpected events which render the performance of the contract impossible or radically different.
- Comprehend the procedure and consequences associated with terminating a contract through mutual consent.
- Gain an understanding of the essential doctrines related to substantial performance along with the antecedent and subsequent conditions in the realm of contract law.
Verified Answer
KL
Learning Objectives
- Comprehend the procedure and consequences associated with terminating a contract through mutual consent.
- Gain an understanding of the essential doctrines related to substantial performance along with the antecedent and subsequent conditions in the realm of contract law.