Child Support Obligation Income Statement/Affidavit - Official Circuit Court of Alabama form.
Child Support Obligation Income Statement/Affidavit - Official Circuit Court of Alabama form.
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RESOLUTORY CONDITION. On which has for its object, when accomplished, the revocation of the principal obligation; for example, I will sell you my crop of cotton, if my ship America does not arrive in the United States, within six months. My ship arrives in one month, my contract with you is revoked.
Examples of suspensive conditions are obtaining bond approval before a certain date, or the sale of the Purchaser's current property before a certain date.
A conditional obligation is one dependent on an uncertain event. If the obligation may not be enforced until the uncertain event occurs, the condition is suspensive. If the obligation may be immediately enforced but will come to an end when the uncertain event occurs, the condition is resolutory.
Potestative conditions do not create obligations at all, impose no duty on the parties, and for this reason are invalid as clauses in a contract.
A resolutive condition is an arrangement between the parties that an agreement will end in the event of certain circumstances. Example: the contract can be terminated when a licence for use of a catering establishment is withdrawn.