Revise Contract Provisions
Next Generation Bar Exam · Flashcards
NEXT GENERATION BAR EXAM · FLASHCARDS
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QUESTION
What is the difference between a condition and a covenant in a contract?
QUESTION
A liquidated damages clause sets $1 million for any breach of a $50,000 service contract. What revision is needed?
QUESTION
What drafting language most clearly creates an express condition?
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ANSWER
Language such as 'only if,' 'on condition that,' or 'provided that'. Courts interpret doubtful language as a promise rather than a condition.
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