Asked by Ethan Berumen on Jun 25, 2024
Verified
If a contract condition is not satisfied, the obligations of the parties are not discharged.
Contract Condition
A provision in a contract that specifies a requirement or event that must occur or be met for the contract or a part of it to be fulfilled or enforced.
Discharged
In legal terms, refers to the completion or termination of an obligation, such as a debt or duty, often resulting in release from responsibility.
- Differentiate between several mechanisms for terminating a contract and realize their outcomes.
- Acquire knowledge about the conditions that render a party's duty to perform as dependent.
Verified Answer
JG
Jamal GrosvenorJul 01, 2024
Final Answer :
False
Explanation :
If a contract condition is not satisfied, it typically means that the obligations of the parties under the contract are discharged, as the fulfillment of conditions is often a prerequisite for the parties' obligations to proceed.
Learning Objectives
- Differentiate between several mechanisms for terminating a contract and realize their outcomes.
- Acquire knowledge about the conditions that render a party's duty to perform as dependent.