1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Mối quan hệ giữa văn học và chính trị
damaskus [11]

Answer:

ñeñeñeñeñeñeñ

Explanation:

ñacañacañca

5 0
3 years ago
What is one important similarity and one important difference between Hinduism and Buddhism? Answer in a paragraph and use evide
Agata [3.3K]
Me gustaría ayudarte
5 0
3 years ago
Although the amygdala is involved in ________, the amygdala does not play a role in ________.
Lapatulllka [165]

Although the amygdala is involved in the <u>recognition of </u><u>facial expression</u>, the amygdala does not play a role in <u>emotional expression</u>.

A facial expression is the movement or position of one or more of the muscles under the skin of the face. According to many controversial theories, these movements convey an individual's emotional state to the observer. Facial expressions are a form of nonverbal communication.

Emotional expression is simply acknowledging the emotions we are born with. Healthy expression allows us to understand emotions, really feel them, and move on. There are six basic emotions that every human being is born with and that everyone should be aware of. I'm angry.

Learn more about facial expressions here

brainly.com/question/11851787

#SPJ4

8 0
1 year ago
1. What was the goal of Wilson’s Fourteen Points?
evablogger [386]

Answer:

hi

Explanation:

i don't know you but you look like good person

7 0
2 years ago
What time does trick or treating start in michigan
Serga [27]

6 to 8 p.m.

And with it, comes trick-or-treating. The general window for trick-or-treating is typically 6 to 8 p.m., but some cities deviate from that. So to help you optimize your candy hunt, we've created a list of recommended trick-or-treating times by city.

7 0
2 years ago
Other questions:
  • JND is the
    8·1 answer
  • The Health Insurance Portability and Accountability Act Of 1996, also known as the __________ Act, protects the confidentiality
    7·1 answer
  • Suppose that Jack, Hal, and Sophia enter into a contract for the sale of the restaurant. Hal and Sophia inventory the restaurant
    12·1 answer
  • Janet was surprised to find out that her gynecologist, Dr. Herring, was good friends with her tennis partner, Sally. Janet met S
    11·1 answer
  • How is organizational culture formed?
    14·1 answer
  • Why do the authors of your text use the word "domain" when talking about "the Russian Domain"?
    5·1 answer
  • Why does Graff tell the other boys that Ender is the best in the launch?
    8·1 answer
  • Which law did the US Congress pass while Louisiana was waiting to become a state?
    12·2 answers
  • Complete the following sentence.
    6·1 answer
  • A professional is a licensed practitioner who possesses the necessary qualifications. _____ , on the other hand, have the qualif
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!