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Under section 55 of the Indian Contract Act, 1872, what is the effect of missing the agreed time for…

Section 55 of the Indian Contract Act, 1872 allows the promisee to recover loss caused by late performance when time was not essential. Missing the agreed date does not by…

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Under section 55 of the Indian Contract Act, 1872, what is the effect of missing the agreed time for performance when the parties did not intend time to be of the essence?

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Correct answer B

Section 55 of the Indian Contract Act, 1872 allows the promisee to recover loss caused by late performance when time was not essential. Missing the agreed date does not by itself make the contract voidable.

Option feedback

Option A

The contract does not become void automatically because a non-essential date was missed.

Option B

The second paragraph of section 55 gives the promisee compensation for loss caused by the delay.

Option C

Section 55 does not give the defaulting promisor a right to avoid the contract for that delay.

Option D

The first paragraph’s option for the promisee depends on time being essential, which is excluded here.

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