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.
