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zaharov [31]
1 year ago
11

Fisher promises to buy calvin's house if salvation bank approves fisher's mortgage application. this is an example of a contract

that is subject to a?
Social Studies
1 answer:
storchak [24]1 year ago
4 0

This is an example of Condition Precedent.

<h3>What is Condition Precedent?</h3>

A condition precedent is a legal word that refers to an occurrence that must take place before a certain contract is deemed to be in force or before either party is expected to fulfill any obligations.

For instance, in real estate, a mortgage contract will have a condition precedent requiring an inspection to determine the property's condition and value. Before the mortgage contract goes into effect, the lender and the buyer must both accept that appraisal.

In wills and trusts, condition precedents are also frequently used to restrict the transfer of funds or assets until particular conditions have been satisfied, such as an heir getting married or reaching a specified age.

If the conditions antecedent is unrelated to the contract's subject matter, they may occasionally be waived. Think about a situation where a subject matter expert hires a ghostwriter to write a book on his behalf.

The expert stipulates that in order to receive a full salary, the selected writer must refrain from doing any household chores while writing. The conclusion of the book and the absence of domestic tasks while the book was being written are the prerequisites in this situation. If the writer successfully completes the final deliverable to the expert's satisfaction, the latter criteria may be waived. A comparable situation was brought before the New York court in 1908, and the judge decided in the writer's favor.

Condition subsequent, which outlines requirements that must be satisfied for any party to terminate the contract, is the opposite of condition previous.

Therefore, Fisher promises to buy Calvin's house if salvation bank approves fisher's mortgage application is an example of <u>Condition Precedent.</u>

For more information on<u> Condition Precedent,</u> refer to the following link:

brainly.com/question/26903289

<u></u>

#SPJ4

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Jack must attend a funeral. Even though he has never been to a funeral before, he knows what to expect due to seeing funerals on
Musya8 [376]

Answer:

Schemata

Explanation:

A schema is the preconceived framework of cognition that helps us interpret information and react accordingly.

Here, Jack has never been to a funeral before but knows about funerals through other people's experiences. Also, his exposure to movies and TV shows that depict funerals have informed him about funerals. So, he has a fair idea about the cultural and traditional customs that are to be followed when attending a funeral.

Hence, the psychological concept being described here is schemata.

8 0
3 years ago
Evaluate your own position with regards to how media report male and female sports media​
34kurt

Your own position with regards to how media report male and female sports media should reflect your values as a person than how it transcends to the sporting world. This is further explained below.

<h3>What is sports media?</h3>

Generally, Sports media, commonly known and called sports journalism, is simply defined as a type of journalism that focuses on sporting world.

In conclusion, Your personal stance on how the media reports male and female sports media should represent your ideals as a person rather than how it translates to the athletic world.

Read more about sports media

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8 0
2 years ago
Conscious memories regarding facts and general knowledge fall into which memory category?
cestrela7 [59]
Conscious memories regarding facts and general knowledge is called long-term memory. This is the permanent memory storage and it is unlimited. However, memories can decay or fade. 
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8 0
3 years ago
Which amendment establishes what to do if the president is incapacitated and cant perform his duties
rusak2 [61]

Answer:

Explanation:

Amendment #25.

Specifically, Section 3, which states, "Whenever the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that he is unable to discharge the powers and duties of his office, and until he transmits to them a written declaration to the contrary, such powers and duties shall be discharged by the Vice President as Acting President"

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This document was created in _____. A. 1970<br> B. 1865 C. 1914 D. 1870
Elden [556K]

Answer:

We don't know what document this is, but you could try looking for a date on it or researching it to find the year it was created.

7 0
3 years ago
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