Time is of the essence: Difference between revisions

320 bytes removed , 13 June 2023

Replaced content with "{{essay|boilerplate|time is of the essence|<br> {{image|Dali Clocks|jpg|}} }} {{sa}} *Law of Property Act 1925 *Fundamental breach (aka repudiatory breach) or {{t|contract}} *Waiver and estoppel {{ref}}"

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-A [[magic incantation]] that one puts into a contract to designate that, whatever else might go down, a party's failure to comply with obligations within the stated timeframe is a fundamental breach justifying termination of contract, a plague upon your houses, apocalyptic horsemen on the ridge and so on.
+{{essay|boilerplate|time is of the essence|<br>
+{{image|Dali Clocks|jpg|}} }}
-Now at common law, time is ''always'' of the essence. When any time is specified for the completion of an action, an action lies in breach if the action isn't performed by that time<ref>{{citer|Parkin|Thorold|1852|16 Beav.|59}}.</ref>.
+{{sa}}
+*[[Law of Property Act 1925]]
+*[[Fundamental breach]] (aka [[repudiatory breach]]) or {{t|contract}}
+*[[Waiver]] and [[estoppel]]
+{{ref}}

Time is of the essence (view source)