An important contractual term that goes right to the root of a contract, and so fundamental that breach of it by a party would frustrate the whole contract and make further performance impossible, giving the injured party the right to repudiate the contract and sue for damages. For example, it is a condition in every voyage charter that the chartered vessel will arrive and be fully at the charterer’s disposal at the agreed loading port not later than the cancelling date.
What is a condition?
