CAF-4 · Chapter 8 · Question 12 of 12
In a contract where 'time is of the essence', a failure to perform at the fixed time makes the contract:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Voidable at the option of the promisee.
Explanation
Section 55 states that when time is of the essence, a failure to perform at the agreed time makes the contract voidable by the promisee.
More Performance of contract MCQs
- Q2If it appears from the nature of the case that it was the intention of the parties that the promise should be performed by the promisor…
- Q3When two or more persons have made a 'joint promise', then, unless a contrary intention appears, the liability to perform the promise…
- Q4The promisee may compel __________ of the joint promisors to perform the whole of the promise.
- Q5If one of the joint promisors is compelled to perform the whole promise, he may require a 'contribution' from:
- Q6A release of one of the joint promisors by the promisee: