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Principle: Time is an essence of the contract.Facts: Banarsi is the most reputed sweet-shop in Lucknow. It requires large quantities of sugar for making sweets. Banarsi plans to sell some new, unique and delicious items of sweets on the eve of Navratri. Therefore, it places an order to Sugar and More Sugar Co, Gorakhpur for supply of 1000 tonnes of top quality sugar before the end of November, specifying its urgent need. The consignment of sugar does reach the sweets-shop, but only on the 12th of December, 2013. Due to delay in supply of sugar, Banarsi incurs heavy losses both in business and reputation.Decidea)Banarsi had to specify that the time was essence of the contract and therefore, now cannot claim damages.b)Banarsi cannot claim damages since sweets can also be sold after Navratri and in essence they did not face any huge losses.c)Banarsi can claim the damage since time was the essence of the contract.d)Banarsi can claim damages since there was violation of the stipulation of the contract and hence there was breach of contract.Correct answer is option 'C'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Principle: Time is an essence of the contract.Facts: Banarsi is the most reputed sweet-shop in Lucknow. It requires large quantities of sugar for making sweets. Banarsi plans to sell some new, unique and delicious items of sweets on the eve of Navratri. Therefore, it places an order to Sugar and More Sugar Co, Gorakhpur for supply of 1000 tonnes of top quality sugar before the end of November, specifying its urgent need. The consignment of sugar does reach the sweets-shop, but only on the 12th of December, 2013. Due to delay in supply of sugar, Banarsi incurs heavy losses both in business and reputation.Decidea)Banarsi had to specify that the time was essence of the contract and therefore, now cannot claim damages.b)Banarsi cannot claim damages since sweets can also be sold after Navratri and in essence they did not face any huge losses.c)Banarsi can claim the damage since time was the essence of the contract.d)Banarsi can claim damages since there was violation of the stipulation of the contract and hence there was breach of contract.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Principle: Time is an essence of the contract.Facts: Banarsi is the most reputed sweet-shop in Lucknow. It requires large quantities of sugar for making sweets. Banarsi plans to sell some new, unique and delicious items of sweets on the eve of Navratri. Therefore, it places an order to Sugar and More Sugar Co, Gorakhpur for supply of 1000 tonnes of top quality sugar before the end of November, specifying its urgent need. The consignment of sugar does reach the sweets-shop, but only on the 12th of December, 2013. Due to delay in supply of sugar, Banarsi incurs heavy losses both in business and reputation.Decidea)Banarsi had to specify that the time was essence of the contract and therefore, now cannot claim damages.b)Banarsi cannot claim damages since sweets can also be sold after Navratri and in essence they did not face any huge losses.c)Banarsi can claim the damage since time was the essence of the contract.d)Banarsi can claim damages since there was violation of the stipulation of the contract and hence there was breach of contract.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Principle: Time is an essence of the contract.Facts: Banarsi is the most reputed sweet-shop in Lucknow. It requires large quantities of sugar for making sweets. Banarsi plans to sell some new, unique and delicious items of sweets on the eve of Navratri. Therefore, it places an order to Sugar and More Sugar Co, Gorakhpur for supply of 1000 tonnes of top quality sugar before the end of November, specifying its urgent need. The consignment of sugar does reach the sweets-shop, but only on the 12th of December, 2013. Due to delay in supply of sugar, Banarsi incurs heavy losses both in business and reputation.Decidea)Banarsi had to specify that the time was essence of the contract and therefore, now cannot claim damages.b)Banarsi cannot claim damages since sweets can also be sold after Navratri and in essence they did not face any huge losses.c)Banarsi can claim the damage since time was the essence of the contract.d)Banarsi can claim damages since there was violation of the stipulation of the contract and hence there was breach of contract.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Principle: Time is an essence of the contract.Facts: Banarsi is the most reputed sweet-shop in Lucknow. It requires large quantities of sugar for making sweets. Banarsi plans to sell some new, unique and delicious items of sweets on the eve of Navratri. Therefore, it places an order to Sugar and More Sugar Co, Gorakhpur for supply of 1000 tonnes of top quality sugar before the end of November, specifying its urgent need. The consignment of sugar does reach the sweets-shop, but only on the 12th of December, 2013. Due to delay in supply of sugar, Banarsi incurs heavy losses both in business and reputation.Decidea)Banarsi had to specify that the time was essence of the contract and therefore, now cannot claim damages.b)Banarsi cannot claim damages since sweets can also be sold after Navratri and in essence they did not face any huge losses.c)Banarsi can claim the damage since time was the essence of the contract.d)Banarsi can claim damages since there was violation of the stipulation of the contract and hence there was breach of contract.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Principle: Time is an essence of the contract.Facts: Banarsi is the most reputed sweet-shop in Lucknow. It requires large quantities of sugar for making sweets. Banarsi plans to sell some new, unique and delicious items of sweets on the eve of Navratri. Therefore, it places an order to Sugar and More Sugar Co, Gorakhpur for supply of 1000 tonnes of top quality sugar before the end of November, specifying its urgent need. The consignment of sugar does reach the sweets-shop, but only on the 12th of December, 2013. Due to delay in supply of sugar, Banarsi incurs heavy losses both in business and reputation.Decidea)Banarsi had to specify that the time was essence of the contract and therefore, now cannot claim damages.b)Banarsi cannot claim damages since sweets can also be sold after Navratri and in essence they did not face any huge losses.c)Banarsi can claim the damage since time was the essence of the contract.d)Banarsi can claim damages since there was violation of the stipulation of the contract and hence there was breach of contract.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Principle: Time is an essence of the contract.Facts: Banarsi is the most reputed sweet-shop in Lucknow. It requires large quantities of sugar for making sweets. Banarsi plans to sell some new, unique and delicious items of sweets on the eve of Navratri. Therefore, it places an order to Sugar and More Sugar Co, Gorakhpur for supply of 1000 tonnes of top quality sugar before the end of November, specifying its urgent need. The consignment of sugar does reach the sweets-shop, but only on the 12th of December, 2013. Due to delay in supply of sugar, Banarsi incurs heavy losses both in business and reputation.Decidea)Banarsi had to specify that the time was essence of the contract and therefore, now cannot claim damages.b)Banarsi cannot claim damages since sweets can also be sold after Navratri and in essence they did not face any huge losses.c)Banarsi can claim the damage since time was the essence of the contract.d)Banarsi can claim damages since there was violation of the stipulation of the contract and hence there was breach of contract.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Principle: Time is an essence of the contract.Facts: Banarsi is the most reputed sweet-shop in Lucknow. It requires large quantities of sugar for making sweets. Banarsi plans to sell some new, unique and delicious items of sweets on the eve of Navratri. Therefore, it places an order to Sugar and More Sugar Co, Gorakhpur for supply of 1000 tonnes of top quality sugar before the end of November, specifying its urgent need. The consignment of sugar does reach the sweets-shop, but only on the 12th of December, 2013. Due to delay in supply of sugar, Banarsi incurs heavy losses both in business and reputation.Decidea)Banarsi had to specify that the time was essence of the contract and therefore, now cannot claim damages.b)Banarsi cannot claim damages since sweets can also be sold after Navratri and in essence they did not face any huge losses.c)Banarsi can claim the damage since time was the essence of the contract.d)Banarsi can claim damages since there was violation of the stipulation of the contract and hence there was breach of contract.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Principle: Time is an essence of the contract.Facts: Banarsi is the most reputed sweet-shop in Lucknow. It requires large quantities of sugar for making sweets. Banarsi plans to sell some new, unique and delicious items of sweets on the eve of Navratri. Therefore, it places an order to Sugar and More Sugar Co, Gorakhpur for supply of 1000 tonnes of top quality sugar before the end of November, specifying its urgent need. The consignment of sugar does reach the sweets-shop, but only on the 12th of December, 2013. Due to delay in supply of sugar, Banarsi incurs heavy losses both in business and reputation.Decidea)Banarsi had to specify that the time was essence of the contract and therefore, now cannot claim damages.b)Banarsi cannot claim damages since sweets can also be sold after Navratri and in essence they did not face any huge losses.c)Banarsi can claim the damage since time was the essence of the contract.d)Banarsi can claim damages since there was violation of the stipulation of the contract and hence there was breach of contract.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CLAT tests.