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A) You can add more than one condition to check
B) You can set condition to look for Bold and apply Italics on them.
C) You can apply Font, border and pattern formats that meets the specified conditions
D) You can delete any condition from Conditional Formatting dialog box if it is not required
A) is correct
as I normally set one condition, then set up another in the same column;
Two conditions can't be set up together and
D) is also correct.
I have never used conditioning as in B), I have always used Find and Replace for that functionality.
I think option B and D ....................
B) You can set condition to look for Bold and apply Italics on them.