- 1 Marks
BCL – L1 – SA – Q57 – Contract Law
Effect of failing to perform a contract on time in commercial transactions.
Question
In commercial transactions, time is considered to be of the essence of contract, and if the party fails to perform the contract within specified time, the contract becomes.
A Voidable at the option of the other party
B Void and cannot be enforced
C Illegal for noncompliance of legal terms
D Enforceable in higher court only
Find Related Questions by Tags, levels, etc.
- Tags: Commercial Transactions, Contract Law, Time Essence, Voidable Contract
- Level: Level 1
- Topic: Contract Law
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