please read these post and come up with 2 100 word minimum (for each response)
#1
Karly Lundgren
Condition subsequent is the condition within a contract, if this condition takes place then condition subsequent is the power that gives one party the ability to change/modify or even end/terminate the contract. The responsibilities and obligations of the parties within the contract are dependent upon the listed condition. Overall, the condition subsequent is an event that terminates a duty of performance. Buyers are impacted by this process in many different ways, some beneficial and some negative. Positively speaking, if the condition subsequent is aligned parallel to favor the buyer’s specific interest it then allows the buyer the power to change or potentially end the contract if they feel circumstances allow it- this could allow the buyer to protect themselve from significant financial losses or risks. On the negative side of things, the condition subsequent can be detrimental to a buyer as it can restrict their legal abilities to impact the contract. Overall, the condition subsequent can be both positive or negative to a buyer, depending upon which condition it is dependent on, and how that factor compares to the buyer’s interests and needs. Businesses support loss in numerous different manners. If the condition subsequent is enacted and ends up with the contract being modified or terminated then the Buyer would be under some or complete losses. Conversely it is important to note that the impact of these losses are dependent on the particular terms of the contract. The price of purchase can be affected by the condition subsequent, but this is also dependent on the specific terms of the contract. For example, if the condition subsequent has an effect on the value or terms of the transaction then the price of purchase would change. On the other hand, if the condition subsequent is only in place to enact the termination of a contract without additional negotiations or mediations, then the price of purchase would remain stagnant and unchanged.
#2
Daniela Lopez Rosas
1 & 2. Buyers may be affected in multiple different ways. Buyers who depended on the prompt delivery of goods or services may face delays, inconveniences, or financial loss in the event that the seller breaches the terms of the contract. Although, buyers might have the chance to look for better terms or find different suppliers if the breach results in contract termination. Also, depending on the particulars of the breach and the steps taken to rectify it, the effect on buyers may differ.
3. Depending on the terms of the contract and the type of violation, a business may be able to compensate for loss in a number of ways. Should the business be the one who violates the agreement, it might have to reimburse the other party for any damages suffered as a result of the violation. This compensation may come in the form of money damages, legally stated or permissible alternative solutions, or replacement goods or services. The company might have to take action to lessen the other party’s losses as much as it can.
4. Depending on the smaller details of the breach as well as any subsequent renegotiation of the contract terms, the purchase price may vary. The purchase price may be changed to reflect the new conditions decided upon by the parties in the event that the breach prompts a mutual renegotiation or rescission of the agreement. The purchase price might not change if the breach results in the contract being terminated and the parties part ways, or the buyer might be entitled to damages for any losses incurred as a result of the breach. At last, how the parties involved behave and the particulars of the case will determine whether or not the price changes.
this is for replying on a discussion post. i just need a 100 word minimum response for each one of the above post. so 2 in total.
