Examveda
Examveda

Under Indian Contract Act, 1872, if the time is essence of a contract and the promisor fails to perform the contract by the specified time, the contract:

A. Becomes void

B. Remains valid

C. Becomes voidable at the instance of the promisee

D. Becomes unenforceable

E. None of these

Answer: Option C


This Question Belongs to Law >> Indian Contract Act

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