Conditions Flashcards
1
Q
Condition
A
An event other than the passage of time that extinguishes, modifies, or creates a duty to perform.
2
Q
Condition Subsequent
A
Where, if a condition occurs, a duty to perform is cut off.
3
Q
Express Condition
A
Expressed in the written agreement.
4
Q
Implied Condition
A
Inferred from the parties’ conduct.
5
Q
Constructive Condition
A
Read into a contract by the court
6
Q
Types of Conditions
A
(1) Condition Subsequent
(2) Express Condition
(3) Implied Condition
(4) Constructive Condtion
