Splet04. jan. 2024 · Suspensive Condition: A suspensive condition suspends the rights and obligations under a contract until the condition is fulfilled. Once the condition is fulfilled … SpletSection 1767 - Suspensive and resolutory condition A conditional obligation is one dependent on an uncertain event. If the obligation may not be enforced until the uncertain event occurs, the condition is suspensive. If the obligation may be immediately enforced but will come to an end when the uncertain event occurs, the condition is resolutory.

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Splet17. jul. 1995 · Thus, when a person donates land to another on the condition that the latter would build upon the land a school, the condition imposed was not a condition precedent or a suspensive condition but a resolutory one. 4 It is not correct to say that the schoolhouse had to be constructed before the donation became effective, that is, before the donee … SpletExamples of suspensive conditions are obtaining bond approval before a certain date, or the sale of the Purchaser’s current property before a certain date. It is very important for both the Seller and Purchaser to take note of the wording of these conditions and ensure that they understand them. home inspection grass valley

Louisiana Obligations (Code III - Day 1) Flashcards Quizlet

SpletA resolutory condition (condition subsequent) extinguishes the obligation upon its fulfillment . The obligation is demandable at once, without prejudice to the effects of the … http://ww.lawphil.net/judjuris/juri1990/feb1990/gr_85733_1990.html SpletSuspensive and Resolutory Conditions. — A suspensive condition (condition precedent) is a future and uncertain event upon the happening or fulfi llment of which rights arising out of the obligation are acquired. Stated in another way, it signifi es a future and uncertain event upon the fulfi llment of which the obligation becomes effective. home inspection gone wrong