Contracts
A 'resolutory condition' in a Louisiana real estate contract means:
AA clause that resolves disputes by arbitration
BA condition whose occurrence terminates an already-existing obligation✓ Correct
CA condition requiring the seller to make repairs
DA final closing condition
Explanation
A resolutory condition (condition résolutoire) in Louisiana Civil Law is a condition whose occurrence terminates an existing obligation — for example, a land installment contract that provides the buyer's title is revoked if they default on payments.
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