If no time period for performance is specified in a contract:
A) the contract is unenforceable.
B) time shall be of the essence.
C) a reasonable time for performance will be implied.
D) the time for performance will be ignored by the courts.

Question

Quizplus · Accepted Answer

If no time period for performance is specified in a contract, a reasonable time for performance will be implied. The courts will consider various factors such as the nature of the contract, the intentions of the parties, industry standards, and past dealings to determine what constitutes a reasonable time for performance. This implies that the contract is still enforceable, but the parties may need to consult with legal professionals or renegotiate the terms of the contract to avoid any future disputes.

If No Time Period for Performance Is Specified in a Contract