Resolutory Condition definition

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Resolutory Condition

Resolutory Condition logo #21212On which has for its object, when accomplished, the revocation of the principal obligation; for example, I will sell you my crop of cotton, if my ship America does not arrive in the United States, within six months. My ship arrives in one month, my contract with you is revoked.
Found on http://www.lectlaw.com/def2/q155.htm
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