When a Contract Contains the Words "Time Is of the Essence

question 15

Multiple Choice

When a contract contains the words "time is of the essence," which of the following is true?  ​

• A)Performance must be rendered within a reasonable amount of time.
• B)Performance on the exact date is deemed vital.
• C)Performance must occur within 24 hours of signing the contract.
• D)Performance is not an essential component of the contract.

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Definitions:

Interactive Leadership

A leadership style that emphasizes open communication, employee involvement in decision-making, and a collaborative work atmosphere.

Command-and-control

A management style that emphasizes strict control, with decisions made at the top and communicated down the hierarchy.

Women Leaders

Female individuals who hold leadership positions within organizations or movements, often breaking barriers and setting examples in predominantly male environments.

Positive Relationships

Interactions or connections between individuals that are characterized by mutual respect, cooperation, and positive feelings.