Georgia Code § 13-3-4 - Effect of Conditions Precedent or Subsequent Upon Rights of Parties Under Contracts

Conditions may be precedent or subsequent. A condition precedent must be performed before the contract becomes absolute and obligatory upon the other party. The breach of a condition subsequent may destroy the party's rights under the contract or may give a right to damages to the other party, according to a true construction of the intention of the parties.

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Last modified: October 14, 2016