Ace The Introductory Business Law CLEP 2026 – Smash Your Way to Success!

A condition precedent is an event that must occur before a contract can be enforced. This means that it is a necessary requirement that must be fulfilled before the parties involved are obligated to carry out the terms of the contract. Option A is incorrect because a condition precedent is something that must happen before, not after, the fact. Option B is incorrect because a condition precedent cannot be excused; it is a necessary part of the contract. Option C is incorrect because it states that the event happened before the obligation became due, but a condition precedent is something that needs to happen before the contract is enforced, not before the obligation is due. Therefore, option D is the best description of a condition precedent.