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There are three types of contractual conditions: condition precedent, condition subsequent, and concurrent conditions. Group of answer choices true false

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The three types of contractual conditions given are correct and true. The types of contractual conditions are;

  • Condition precedent,
  • Conditions concurrent, and  
  • Condition subsequent

What is a contractual condition?

A contractual condition is any requirement that is included in a contract. Each condition creates a contractual duty, the violation of which may result in a lawsuit.

Not all conditions are specified specifically, and other conditions have less legal weight since they are supplementary to the contract's purpose.

This signifies that each of the parties is compelled or obliged under the contract to execute an obligation. The duties of the parties are determined by the contract conditions. 

However, the numerous types of contractual conditions are;

  • Condition precedent,
  • Conditions concurrent, and  
  • Condition subsequent

Learn more about contractual conditions here:

https://brainly.com/question/5746834

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