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 If no time is specified for performance of contract, it must be performed within a reasonable time. “Reasonable time” means time______
  • a)
    Which seems to be reasonable to the promisor 
  • b)
    Which seems to be reasonable to the promisee
  • c)
    Which is determined as reasonable by a third person 
  • d)
    Which is reasonable under the facts and circumstances of the case
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
If no time is specified for performance of contract, it must be perfor...
However, I can tell you that the statement you provided is generally true. In the absence of a specific time frame for performance of a contract, the law implies that the parties intended for the contract to be performed within a reasonable time. What constitutes a "reasonable time" will depend on the circumstances of each particular case.
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If no time is specified for performance of contract, it must be performed within a reasonable time. “Reasonable time” means time______a)Which seems to be reasonable to the promisorb)Which seems to be reasonable to the promiseec)Which is determined as reasonable by a third persond)Which is reasonable under the facts and circumstances of the caseCorrect answer is option 'D'. Can you explain this answer?
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If no time is specified for performance of contract, it must be performed within a reasonable time. “Reasonable time” means time______a)Which seems to be reasonable to the promisorb)Which seems to be reasonable to the promiseec)Which is determined as reasonable by a third persond)Which is reasonable under the facts and circumstances of the caseCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If no time is specified for performance of contract, it must be performed within a reasonable time. “Reasonable time” means time______a)Which seems to be reasonable to the promisorb)Which seems to be reasonable to the promiseec)Which is determined as reasonable by a third persond)Which is reasonable under the facts and circumstances of the caseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If no time is specified for performance of contract, it must be performed within a reasonable time. “Reasonable time” means time______a)Which seems to be reasonable to the promisorb)Which seems to be reasonable to the promiseec)Which is determined as reasonable by a third persond)Which is reasonable under the facts and circumstances of the caseCorrect answer is option 'D'. Can you explain this answer?.
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