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Law · Q817

Indian Contract Act

Graduate and Post Graduate · Law · question 817

Q817

Indian Contract Act:- In a contract in which time is not essence of the contract, the failure to perform the contract before specified time-

A.
Contract win become void
B.
The Promisee is entitled to compensation from the promisor for any loss occasioned to him by such failure
Answer
C.
Contract will become voidable at the option of the promisor
D.
Contract will become voidable at the option of the promisee

Answer: Option B

Solution

Answer: Option B
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