CLAT LLM 2014 Question Paper with answer key for online practice

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Question : 74 of 100

Marks: +1, -0

It the time is not the essence of the contract, the failure to perform the contract by specified time makes the contract

Void
Voidable at the instance of the promisee
Remains valid but the promisee can claim compensation for the loss suffered by him by such failure
Remains valid and can be performed at any subsequent time without the promisor being liable for the loss suffered by the promisee

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