Indian Contract Act - Study Mode

[#866] When a party to a contract fails to perform a contract within the fixed time:
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(C) Such contract becomes voidable at the option of the promise, if the intention of the parties was that time should be of essence of the contract

[#867] "Consideration is the recompense given by the party contracting to the other": Above definition is attributed to . . . . . . . .
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(D) Blacstone

[#868] An agreement in restraint of legal proceedings
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(B) If imposes total or partial prohibition shall be void

[#869] If the promisor absolutely repudiates the contract prior to the promised date of performance, it is
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(D) Anticipatory breach

[#870] Generally, the joint promisors can
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(A) Compel each other to contribute equally