If No Time Period for Performance Is Specified in a Contract

question 20

Multiple Choice

If no time period for performance is specified in a contract:

• A) the contract is unenforceable.
• B) time shall be of the essence.
• C) a reasonable time for performance will be implied.
• D) the time for performance will be ignored by the courts.

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Definitions:

Lawyers

Lawyers are professionals licensed to practice law, representing and advising individuals, businesses, and government agencies on legal matters and disputes.

Unethical

Pertaining to actions or behavior that violate moral principles or professional standards, often leading to negative consequences or judgment.

Legal Aid

Services provided to individuals who are unable to afford legal representation and access to the court system, typically funded by the government or nonprofit organizations.

Small Business Owners

Individuals who own and operate a company that is small in size based on government standards or industry definitions.