alleryStart learning →Time is of the essence and the promisor fails to perform on time. The contract becomes what?
AVoid at the very outset
BVoidable by the promisee
CFully enforceable still
DIllegal in nature
Answer & Solution
Correct answer: B. Voidable by the promisee
Under Section 55 failure at the fixed time makes the contract voidable at the promisee's option when time was essential.
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