Conditional Contract Agreement Between Wally and Joe
What kind of agreement do Wally and Joe have regarding Wally's fishing store?
A. Fixed-term Contract
B. Conditional Contract
C. Oral Agreement
D. Written Agreement
Answer:
B. Conditional Contract
Wally and Joe have a conditional contract agreement regarding Wally's fishing store. This means that Wally's obligation to pay Joe $1000 per month is contingent upon the fishing store remaining in operation. If the store dissolves, Wally's obligation to pay Joe will cease.