In a contract where time is of the essence, if the party fails to perform the contract within…
Under Section 55 of the Indian Contract Act, 1872, where time is of the essence and the promisor fails to perform within the stipulated time, the contract becomes "Voidable…
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In a contract where time is of the essence, if the party fails to perform the contract within stipulated time, the contract becomes-
Answer and explanation
Correct answer B
Under Section 55 of the Indian Contract Act, 1872, where time is of the essence and the promisor fails to perform within the stipulated time, the contract becomes "Voidable at the option of the other party".
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