SpletIn its most extended meaning, a condition is a clause in a contract or agreement which has for its object to suspend, rescind or modify the principal obligation; or in case of a will, to suspend, ... A suspensive condition is, in fact, a condition precedent. Other Types of Condition. Some further divide conditions into potestative, casual and ... Splet12. okt. 2024 · A suspensive condition, as the name suggests, suspends the operation of a contract for a period of time until a certain specified condition is fulfilled. Therefore only on fulfilment of the specified condition does the contract come into full force and effect and do the contract terms become enforceable by the seller and the purchaser against ...

Distinguishing Contract of Sale from Contract to Sell

SpletA suspensive condition suspends the obligation on either party to a contract to perform that contract until such time as the suspensive condition had been purified (or waived, if … SpletSUSPENSIVE CONDITIONS. The agreement is subject to the following suspensive conditions. If the conditions are not fulfilled within the stipulated time period, or any … arsamania

SUSPENSIVE CONDITIONS Sample Clauses: 269 Samples Law …

SpletIn a CONTRACT OF SALE, the non-payment of price is a resolutory condition, i.e., the contract of sale may by such occurrence put an end to a transaction that once upon a … Splet02. feb. 2016 · to a suspensive condition is a valid contract from the moment of its conclusion and . neither party can resile from it. Once the condition is fulfilled the enforceability . Spletcause that the suspensive condition in the main agreement placed the first respondent in a position to purchase the properties "as and when" the suspensive condition in clause 4.6 read with Clause 21 was complied with. [19] The first respondent as developer assumed the responsibility to take all steps arsal sahban