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If the time of performance of the contract is the essence of the contract and the promisor fails to…

The contract becomes voidable by the promisee. Under Section 55 of the Indian Contract Act, failure to perform at the stipulated time permits avoidance when the parties…

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If the time of performance of the contract is the essence of the contract and the promisor fails to perform the contract by the specified time

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Correct answer C

The contract becomes voidable by the promisee. Under Section 55 of the Indian Contract Act, failure to perform at the stipulated time permits avoidance when the parties intended time to be essential. The failure does not automatically make the contract void.

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