Multiple choice

If the stipulation agreed to between the parties is essential to the main purpose of the contract, then such a stipulation is known as a/an ___________.

  1. condition

  2. warranty

  3. implied condition

  4. guarantee

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A condition is a stipulation essential to the main purpose of the contract, the breach of which gives rise to a right to treat the contract as repudiated.