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Dictionary Conveyancing Terms
Resolutive Condition
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Definition
Resolutive Condition
The
A legally enforceable agreement, for example a lease or sale. Afrikaans - Kontrak
">contract is immediately binding and will remain binding unless the
A clause that renders the operation and consequences of the contract as a whole dependent on an uncertain future event. A suspensive condition suspends the operation of the contract for a period of time, subject to the occurrence of a future event, and only if and when the condition has been fulfilled will an enforceable contract exist. In the case where a resolutive condition is stipulated, the contract is immediately binding and will remain binding unless the condition is not fulfilled. Afrikaans - Toestand ">condition
is not fulfilled.
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