If the time is not the essence of the contract, the failure to perform the contract by specified time…
When time is not of the essence, failure to perform by the specified date does not by itself make the contract voidable. The promisee remains entitled to compensation for…
Choose your answer
If the time is not the essence of the contract, the failure to perform the contract by specified time makes the contract
Answer and explanation
Correct answer C
When time is not of the essence, failure to perform by the specified date does not by itself make the contract voidable. The promisee remains entitled to compensation for loss caused by the delay under section 55. Continued contractual validity therefore does not excuse the promisor from liability for the resulting loss.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
AILET PG
-
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
Supreme Court Law Clerk and Research Associate
Subject revision
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision