ContractsEASY
Time is of the essence in a NY contract means:
Correct Answer
B) All dates must be strictly met
Time is of the essence means all deadlines must be strictly adhered to.
Answer Options
A
Closing date is flexibleB
All dates must be strictly metC
Extensions are automaticD
Only financial deadlines matterVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
contract-breach-and-remediescontract-formation-and-enforceabilitycontract-performance-standards
Key Terms:
time is of the essenceclosing datematerial breachNew York contract lawcontractual deadlines
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