Angela tells her accountant, "I must have this year's audit completed by March 10, and time is of the essence." The accountant agrees to complete the audit by March 10. Under general contract law, if the audit is not completed by March 10, Angela does not have to pay the accountant for the audit.

Question

Quizplus · Accepted Answer

Under general contract law, if "time is of the essence" is explicitly stated and the deadline is not met, it can be considered a breach of contract, potentially relieving Angela of her obligation to pay.

Angela Tells Her Accountant, "I Must Have This Year's Audit