Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Ch2-3 Condition

Chapter 2-3: Conditions and Contingencies

TermDefinition
Condition An event, not certain to occur, unless its non-occurrence is excused, before performance under a contract becomes due.
Contingency An event that may occur, a possibility.
Condition Precedent A contract condition required to occur before it ripens a contract duty.
Condition Concurrent Requires performance by both parties to be simultaneous.
Condition Subsequent A future event that is not certain to occur, which if it occurs extinguishes, modifies, or discharges an existing obligation or duty.
Silence by the Party A question of whether silence is to be treated as approval or disapproval of the condition the contingency qualifies.
Time of the essence Date specified for an obligation or event.
Satisfaction of the Party Based on the taste/personal fancy/personal judgment of a party to the contract or an objective, reasonable person standard.
Waiver The act of voluntarily giving up or surrendering a right given in the contract; A unilateral act with legal consequences.
Lack of reasonable due diligence The ripening of a contract duty, as required by the court, even though required event does not occur.
Created by: userjoe