A(n) ________ is a future,uncertain event that creates or extinguishes a duty of performance.

A) condition
B) promise
C) assurance
D) warranty

Duty of Performance

An obligation of a party in a contract to complete the tasks, obligations, or services as agreed upon in the contract.

Uncertain Event

An event whose occurrence or outcome is not known or predictable with certainty, often associated with risk assessment.

Condition

A stipulation or requirement in a contract that must be met for the contract to be fully enforceable.