suspensive condition

Definition of "suspensive condition"
  1. In Louisiana's civil law, this term mirrors a requirement that needs to be met before a responsibility gets legal force
How to use "suspensive condition" in a sentence
  1. The contract will only come into effect upon the completion of the suspensive condition.
  2. The property deal depends on the satisfaction of a suspensive condition, which is the mortgage approval from the bank.
  3. If the suspensive condition is not fulfilled within the period stipulated in the contract, the prospective buyer might lose the rights.

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