Multiple choice

Reasonable time for performance of a contract is a question

  1. of fact

  2. of law

  3. of both fact and law

  4. of prudence
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A Correct answer
Explanation

The reasonable time depends upon the facts of the cases (as per Section 46). This time period may be very short as in the cases of purchase-sale of shares, gold, etc. It may be a longer period as in case of sale or purchase of property, etc. thus it is a question of fact. The law will not decide the reasonable time.

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