Humber/Ontario Real Estate Course 3 Exam Practice

What must be done if multiple conditions are involved in drafting a condition precedent?

1. Create separate fulfillment dates for each condition

2. Stack the conditions with one fulfillment date and a waiver provision

3. Include an automatic nullification clause if the conditions are not met

4. Secure a separate legal review for each condition

5. Ensure conditions are independently verifiable

6. Embed an escape clause within each condition

The correct answer is: Stack the conditions with one fulfillment date and a waiver provision

When multiple conditions are involved in drafting a condition precedent, stacking the conditions with one fulfillment date and a waiver provision is the most appropriate course of action. This approach allows for all conditions to be fulfilled by a single deadline while providing the flexibility of a waiver provision in case one or more conditions cannot be met. This method streamlines the process and ensures efficiency in meeting the requirements of the condition precedent. On the other hand, the other options are not as suitable for handling multiple conditions: - A. Creating separate fulfillment dates for each condition could lead to unnecessary complexity and potential conflicts with timing. - C. Including an automatic nullification clause might be too severe of a consequence if conditions are not met, especially when dealing with multiple conditions. - D. Securing a separate legal review for each condition could be time-consuming and cost-ineffective. - E. Ensuring conditions are independently verifiable may not necessarily address the practical challenge of managing multiple conditions effectively. - F. Embedding an escape clause within each condition could create ambiguity and potentially weaken the overall enforceability of the conditions. Therefore, option B is the best approach for handling multiple conditions in drafting a condition precedent.