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Conditions in Contracts: Definition & Forms

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A valid contract will create a mutual obligation. What does this mean?

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1. I promise you that I'll mow your lawn if you'll fix my car. How can this agreement be characterized?

2. Jane hires Julie to fix her car and Julie charges Jane $50. How can this agreement be characterized?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your understanding of the main conditions in contracts between parties. Topics you'll need to know to pass the quiz include identifying examples of conditions in given scenarios.

Quiz & Worksheet Goals

Use these assessment tools to assess your knowledge of:

  • The defining characteristics of a mutual obligation
  • Determining which type of condition (if any) is present in given scenarios
  • The validity of contracts

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Defining key concepts - ensure that you can accurately define main phrases, such as the terms for the various types of conditions
  • Reading comprehension - ensure that you draw the most important information from the related lesson on conditions in contracts
  • Interpreting information - verify that you can read information regarding contract scenarios and interpret it correctly

Additional Learning

To learn more about the conditions worked within a particular contract, review the corresponding lesson on Conditions in Contracts. This lesson covers the following objectives:

  • Understand how contracts create mutual obligation
  • Define 'contract condition'
  • Differentiate between condition precedent, condition concurrent and condition subsequent
  • Explore examples of these contract conditions in real-world scenarios
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