Vidyalelo
Commerce · Q651

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 651

Q651

When a party of the contract fails to perform a contract within the fixed time

A.
such contract remains valid provided the promise is fulfilled whether at the time of performance or later
B.
such a contract becomes void
C.
such contract becomes voidable at the option of the promise if the intention of the parties was that time should be of essence of the contract
Answer
D.
such a contract becomes voidable at the option of the promises or promise and the intention of the parties does not matter

Answer: Option C

Solution

Answer: Option C
No explanation is given for this question Let's Discuss on Board