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What is a condition precedent quizlet?

What is a condition precedent quizlet?

Condition precedent: an event that must occur (or be waived) before there is a duty to perform that contact on the part of the party in whose favor that condition runs.

What is an example of a condition precedent?

In a contract, a condition precedent is an event that must occur before the parties are obligated to perform. For example, an insurance contract may require the insurer to pay to rebuild the customer’s home if it is destroyed by fire during the policy period. The fire is a condition precedent.

What is a condition precedent clause?

A condition precedent is a condition that must take place before any legal duty is required by either of the parties. If the condition precedent does not happen, there is no legal duty owed and the contract is no longer effective. The condition precedent clause can be written in any variety of ways.

What is the difference between a condition precedent and a condition subsequent quizlet?

What is the difference between a condition precedent and a condition subsequent? A condition precedent suspends the parties’ obligations to perform their contractual obligations, and a condition subsequent may bring a contract to an end.

What are conditions quizlet?

Terms in this set (9) A condition is an even that must occur or be excused before promisor has a duty to perform. If there is a condition on the duty of a party to perform, that party’s duty does not arise, and it cannot be guilty of breach for failure to perform, unless the condition is satisfied or excused.

Which of the following is an example of a condition subsequent?

A condition subsequent is an event or state of affairs that, if it occurs, will terminate one party’s obligation to the other. For example, a contract might state something like: the client will pay for the haircut, unless the hairdresser does not perform the haircut.

How do you identify a condition precedent?

A condition precedent is a legal term describing a condition or event that must come to pass before a specific contract is considered in effect or any obligations are expected of either party.

What is an example of a condition?

The definition of condition is the state something or someone is in or can also refer to a specific illness. An example of condition is a brand new sofa with no defects. An example of a condition is a harsh work environment. An example of a condition is a cold or the flu.

What is condition precedent and condition subsequent?

1. A condition precedent is one the fulfillment of which completes an inchoate title. A condition subsequent is one of the fulfillments of which extinguishes a title already completed. A condition precedent always comes before the creation of an interest.

What is a conditions precedent checklist?

Solvency certificate • Maintained. Agency fee letter • Maintained. Arrangement fee letter • Maintained. Conditions precedent satisfaction letter: lender or agent to borrower • Maintained. Conditions precedent: bilateral closing checklist • Maintained.

What is the difference between condition precedent and condition subsequent?

For example, in real estate, a mortgage contract will have a condition precedent that an inspection to assess the condition and value of the property must occur. The opposite of condition precedent is condition subsequent, which defines conditions that must be met for either party to exit from the contract.

Which of the following is a key difference between condition subsequent and conditions precedent?

The difference between condition precedent and condition subsequent is important for one reason; it tells who must prove whether the condition occured. But with a condition subsequent, it is the defendent who must prove that the condition occured, relieving him of any obligation.

What are the most common terms in microbiology?

Terms in this set (73) 1 Bacteria 2 Archaea 3 Fungi 4 Protozoa 5 Algae 6 Viruses 7 Multicellular animal parasites

What makes up a clinical specimen in microbiology?

Clinical specimens include saliva, feces, and blood. b. Universal precautions are observed in order to protect specimens from contamination. c. Clinical specimens are often transported in special media to help preserve them. d. Clinical specimens must be properly labeled and promptly transported to the laboratory.

Which is an example of a microbe study?

Microbiology the study of small life Examples of microbes… Bacteria, Archaea ,Fungi, Protozoa ,Multicellular Animal Parasite, Algae, Viruses Microbes are mostly… unicellular Bacteria outnumber human cells

What did Louis Pasteur discover about microbes and disease?

1857-1914 Beginning with Pasteur’s work, discoveries included the relationship between microbes and disease, immunity, and antimicrobial drugs. What did Pasteur demonstrate about killing bacteria that spoiled food?