California Civil Code 1434 – An obligation is conditional, when the rights or duties of any party …
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An obligation is conditional, when the rights or duties of any party thereto depend upon the occurrence of an uncertain event.
(Enacted 1872.)
Terms Used In California Civil Code 1434
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.