QuickHelper

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About QuickHelper

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Teaching Since: May 2017
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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Management Posted 06 Oct 2017 My Price 5.00

What does the language 'time is of the essence' do in a contract?

What does the language 'time is of the essence' do in a contract?

a. it makes the parties' time for performance of their obligations a material term of the agreement

b. it protects a breaching party from a claim that their breach is material and forces it to be minor

c. it allows a breaching party to claim substantial performance and avail itself of legal protections for that status

d. it certifies that both parties have executed the contract simultaneously 

e. it allows one party to create a third-party beneficiary to the agreement within a specified, agreed-upon amount of time

Answers

QuickHelper
(10)
Status NEW Posted 06 Oct 2017 07:10 AM My Price 5.00

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