This requirement is (A) a condition precedent.
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What is condition precedent?</h3>
- A condition precedent is an event or state of affairs that must occur before another event can occur.
- A condition precedent is an event that must occur before performance under a contract becomes due, that is before any contractual duty exists, according to contract law.
- It is a provision in a will or trust that prevents the vesting of a gift or bequest until something happens or fails to happen, such as the attainment of a certain age or the death of another person.
- In contrast, a condition subsequent terminates a duty, whereas a condition precedent initiates a duty.
Therefore, this requirement is (A) a condition precedent.
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The complete question is given below:
State University provides housing on campus and in some adjacent off-campus neighborhoods. To lease a university house or apartment, a person must be a student at State. This requirement is
a. a condition precedent.
b. an implied condition.
c. a condition subsequent.
d. a concurrent condition.
Answer: catalog price.
Explanation:
Catalog price refers to the amount a consumer can pay for a product whereby other costs such taxes, shipping costs, handling costs etc which are involved in the delivery of the goods to the buyer aren't added. It is the price that is included in a price list, or catalog which the manufacturer or the vendor regularly maintains.
In a situation whereby the customer is in the process of developing an independent government estimate for a requirement that is commercially available, then the catalog price will be used in such case.
Answer:
The first one
Explanation:
The first licensee was the one who helped prepare and negotiated the deal between the concerned parties. The brunt of the work was done by the first licensee, hence making him the one entitled to collect the commission of the trade.
The second was only in the transaction to display the commodity and was not the one to partake in preparations or negotiating the property.
Answer:
c) researching the subject
Explanation:
