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A resolutive condition is an arrangement between the parties that an agreement will end in the event of certain circumstances. Example: the contract can be terminated when a licence for use of a catering establishment is withdrawn.

Potestative conditions do not create obligations at all, impose no duty on the parties, and for this reason are invalid as clauses in a contract.

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.

Examples of suspensive conditions are obtaining bond approval before a certain date, or the sale of the Purchaser's current property before a certain date.

RESOLUTORY CONDITION. On which has for its object, when accomplished, the revocation of the principal obligation; for example, I will sell you my crop of cotton, if my ship America does not arrive in the United States, within six months. My ship arrives in one month, my contract with you is revoked.

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Every obligation which contains a resolutory condition shall also be demandable, without prejudice to the effects of the happening of the event. (1113). 17.2 Affidavit of Service when Defendant is Located out of State .Without explaining the conditions of the contract and without making any attempt at a full disclosure, he wanted me to put my signature on a presentment. (b) While the remediation work necessary to satisfy the suspensive condition and the existing Certificate of Authorization has not been completed to.

Affidavit Of Obligation With Resolutory Condition

Description Child Income Statement

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What is Resolutory condition example?

Does Potestative condition affect the obligation?

What is Resolutory condition in obligation?

What is an example of suspensive condition?

What is Resolutory obligation example?

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What is an Affidavit of obligation with resolutory condition?

What is the purpose of an Affidavit of obligation with resolutory condition?

What type of conditions can be included in an Affidavit of obligation with resolutory condition?

Is an Affidavit of obligation with resolutory condition legally enforceable in Alabama?

What happens if the condition in the Affidavit of obligation with resolutory condition is not fulfilled?

Can the parties modify or cancel the conditions stated in an Affidavit of obligation with resolutory condition?

Do I need a lawyer to create an Affidavit of obligation with resolutory condition in Alabama?

How long is an Affidavit of obligation with resolutory condition valid in Alabama?

Can an Affidavit of obligation with resolutory condition be used for personal as well as business purposes in Alabama?

Are there any legal consequences for breaching the conditions mentioned in an Affidavit of obligation with resolutory condition?

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