Principle

CONTRACT LAW — Formation of Contract — Conditions Precedent — Non-Fulfilment Precludes Existence of Binding Contract

Area of law
CONTRACT LAW
Court
Supreme Court

Conditions precedent must be fulfilled before a binding contract arises. If the parties agree that certain conditions must be met before a contract becomes binding, no contract exists until those conditions are satisfied. The failure to perform conditions precedent means there is no meeting of…

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