Where a party to a contract fails to perform at or before a specified – McqOptions

MCQOPTIONS

1.	Where a party to a contract fails to perform at or before a specified time and it was the intention of the parties that time should be of the essence
A.	The contract becomes voidable
B.	The contract does not become voidable but the aggrieved party is entitled to compensation
C.	The contract becomes void
D.	None of these
Answer» B. The contract does not become voidable but the aggrieved party is entitled to compensation

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