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48 ) . IF A CONTRACT CONTAINS EITHER AN EXPRESS OR IMPLIED CONDITION SUBSEQUENT AND IF THE SPECIFIED CONDITION THEREAFTER DOES OCCUR THIS MEANS THAT
48 ) . IF A CONTRACT CONTAINS EITHER AN EXPRESS OR IMPLIED CONDITION
SUBSEQUENT AND IF THE SPECIFIED CONDITION THEREAFTER DOES OCCUR
THIS MEANS THAT BOTH PARTIES ,
( A ) MUST NOW GO AHEAD AND PERFORM THEIR OBLIGATIONS
( B ) ARE NOW FREED OF THEIR OBLIGATIONS UNDER THE CONTRACT
( C ) ARE NOW FREED OF THEIR OBLIGATIONS IF - AND ONLY IF THEY MUTUALLY
AGREE TO CANCEL THE CONTRACT
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