Question

Assume that Jack and Hal and Sophia enter into a contract for the sale of the restaurant. Hal and Sophia, for their own protection, put a clause in the contract that says the sale is contingent upon an independent appraisal indicating that the restaurant is worth at least $700,000. This clause is known as _______

Answer 1

Answer:

a condition precedent

Explanation:

A condition precedent  -

It is the state of affair which need something before its occurrence , is known as the condition precedent .

In terms of law , it is the condition that occurs before the final result .

hence , from the question information ,

Hal and Sophia put a clause as a condition precedent , for their protection .