Condition precedent - Study guides, Class notes & Summaries

A condition precedent must be met before a party's performance can be required. True A party normally satisfies its duties under a contract by novation. False Complete performance occurs when conditions in a contract are fully satisfied. Performance that provides a party with most of the benefits of a contract, in spite of a deviation from the terms, is substantial performance. An intention variation from a contract prevents substantial performance. False Master01 | Septemb...

Humber Real Estate - Course 2, Module 17, Writing Conditions to be Included in an Agreement of Purchase Sale UPDATED Exam Questions and CORRECT Answers Binding agreement - Correct Answer- When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties. - Condition precedent - Condition subsequent - Correct Answer- What methods can be used to draft conditions? A true condition precedent. - Correct Answer- If a party is not permitted to waive a c...

John enters into an agreement to lease an apartment for five years, conditioned on him not being called to active duty in the National Guard. If he is called to serve, this is a condition ______, and his obligation to be bound by the lease is discharged. - ️️subsequent If a homeowner enters into a contract with a builder to replace the windows in his house, there is a(n) ______ condition that the builder will be allowed to enter the house to complete the window removal and installation...

BUSI 301 Exam 2 questions with correct answers rated A+_____ is typically accomplished by attaching some event, known as a(n) ______ that must occur before a particular performance obligation is triggered. - correct answer Risk Allocation; Condition A(n) ______ means that an event that must occur before performance under a contract is due. - correct answer Condition Precedent If the elements of contract formation are satisfied, the contract must still:______. - correct answer be in writing...

Humber Real Estate - Course 2, Module 17, Writing Conditions to be Included in an Agreement of Purchase Sale Humber Real Estate - Course 2, Module 17, Writing Conditions to be Included in an Agreement of Purchase Sale Binding agreement - ANSWER-When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties. - Condition precedent - Condition subsequent - ANSWER-What methods can be used to draft conditions? A true condition precedent. - ANSWE...

BUSI 301 Liberty University -BUSI 301 Exam 2 correctly answered_____ is typically accomplished by attaching some event, known as a(n) ______ that must occur before a particular performance obligation is triggered. - correct answer Risk Allocation; Condition A(n) ______ means that an event that must occur before performance under a contract is due. - correct answer Condition Precedent If the elements of contract formation are satisfied, the contract must still:______. - correct answer be i...

BUSI 301 Exam 2 Liberty University - Question and answers rated A+ BUSI 301 Exam 2 _____ is typically accomplished by attaching some event, known as a(n) ______ that must occur before a particular performance obligation is triggered. - correct answer Risk Allocation; Condition A(n) ______ means that an event that must occur before performance under a contract is due. - correct answer Condition Precedent If the elements of contract formation are satisfied, the contract must still:_____...

Humber Real Estate - Course 2, Module 17, Writing Conditions to be Included in an Agreement of Purchase Sale Questions & Answers(rated A+) Binding agreement - ANSWER-When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties. - Condition precedent - Condition subsequent - ANSWER-What methods can be used to draft conditions? A true condition precedent. - ANSWER-If a party is not permitted to waive a condition and is required to fulfill the ...

California property and casualty exam, Pool Questions & Answers. Verified. Rated A The process where by a mutul insurer becomes a stock company is called - Demutalization The process whereby a stock company a mutal insurer is called - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Declara...

Humber Real Estate - Course 2, Module 19, Additional Sale-Related Documents and Other Legal Obligations Graded A The brokerage As a salesperson, you may not be required to prepare a trade record sheet. They are typically done by who? True. Any changes must be in a new document called an amendment. Only the altered or amended term(s) are written in the new document, and it's meant to be read in conjunction with the existing agreement. True or false? When an offer has been accepted,...