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As to Mode: condition
Positive or Negative (n)
1
As to Form: :an uncertain future act or event whose occurrence or
Express or Implied nonoccurrence determines the rights or obligations of
a party under a legal instrument and esp. a contract
As to Possibility:
Possible or Impossible also
:a clause in the instrument describing the act or event
Obligation Demandable at once: and its effect
1. Pure Obligation
2. Obligation with a resolutory
condition
3. Obligation with a resolutory period