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Law · Q1337

Indian Contract Act

Graduate and Post Graduate · Law · question 1337

Q1337

If the time is not the essence of the contract the failure to perform the contract by the specified time makes the contract

A.
Void
B.
Voidable at the instance of the promisee
C.
Remains valid but the promisee can claim compensation for the loss suffered by him by such failure
Answer
D.
Remains valid & can be performed at any subsequent time without being liable for the loss suffered by the promisee

Answer: Option C

Solution

Answer: Option C
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