What is an example of a condition subsequent?

A condition subsequent refers to an event or state of affairs that, if it occurs, can terminate an existing contract or obligation. In this context, failing to notify an insurance company after an accident serves as an example of a condition subsequent because it may lead to the cancellation of coverage or benefits under the insurance policy. The insurer typically requires timely notification of incidents to process claims effectively, and failing to fulfill this requirement could release them from their obligations.

The other options presented do not demonstrate a condition subsequent. Signing a contract under duress pertains to the legitimacy of the contract rather than a condition that affects its ongoing status. Meeting all contractual obligations indicates compliance with the terms rather than an event that would terminate the contract. An oral agreement that isn't written down relates to enforceability and the inability of the agreement to stand as a valid contract rather than an event that modifies or ends an existing contract.