15:59
i am what i think that you think i am or whatever my social psych teacher said
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Simple English definitions for legal terms
compulsory condition
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A quick definition of compulsory condition:
A compulsory condition is something that must happen before a promise or obligation can be fulfilled. It can be a specific event or action that is required in a contract or agreement. For example, if someone promises to pay for a service, the condition may be that the service must be completed first. If the condition is not met, the promise may not have to be fulfilled. It's like a rule that needs to be followed before something else can happen.A more thorough explanation:
Compulsory Condition
A compulsory condition is an uncertain event that triggers or negates a duty to perform a promised action. It can be a stipulation or prerequisite in a contract, will, or other instrument, constituting the essence of the instrument. For example, if Jones promises to pay Smith $500 for repairing a car, Smith's failure to repair the car relieves Jones of the promise to pay. A compulsory condition can be affirmative, casual, collateral, concurrent, constructive, dependent, disjunctive, inherent, lawful, mixed, negative, positive, or suspensive.
- If a tenant promises to pay rent on a certain day, paying rent on that day is a compulsory condition.
- If a contract states that a party must deliver goods by a certain date, delivering the goods by that date is a compulsory condition.
- If a will states that a beneficiary must reach a certain age before receiving an inheritance, reaching that age is a compulsory condition.
These examples illustrate how a compulsory condition is an uncertain event that must occur before a duty to perform a promised action arises. If the condition is not met, the promised action does not have to be performed.