Time is of the essence: Difference between revisions

Time is of the essence (view source)

3 bytes added , 11 November 2019

no edit summary

82,853

edits

Revision as of 10:02, 2 July 2019 (view source) Amwelladmin (talk \| contribs) No edit summary ← Older edit		Revision as of 17:53, 11 November 2019 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
Line 1:		Line 1:
	{{g}}{{a\|negotiation\|}}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 {{tag\|contract}}, a plague upon your houses, apocalyptic horsemen on the ridge and so on.		{{g}}{{a\|negotiation\|}}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 time-frame is a [[fundamental breach]] justifying termination of {{tag\|contract}}, a plague upon your houses, apocalyptic horsemen on the ridge and so on.

	Now at [[common law]], time is — ''was'' — ''always'' of the essence. When any time is specified for the completion of an action, one party has an action if the other doesn’t performed by that time<ref>{{citer\|Parkin\|Thorold\|1852\|16Beav.\|59}}.</ref>.		Now at [[common law]], time is — ''was'' — ''always'' of the essence. When any time is specified for the completion of an action, one party has an action if the other doesn’t performed by that time<ref>{{citer\|Parkin\|Thorold\|1852\|16Beav.\|59}}.</ref>.