suspensive condition
- In Louisiana's civil law, this term mirrors a requirement that needs to be met before a responsibility gets legal force
- The contract will only come into effect upon the completion of the suspensive condition.
- The property deal depends on the satisfaction of a suspensive condition, which is the mortgage approval from the bank.
- 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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