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Author Question: What does it mean for a contract to say that time is of the essence? What will be an ideal ... (Read 74 times)

@Brianna17

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on: Aug 3, 2018
What does it mean for a contract to say that time is of the essence?
 
  What will be an ideal response?

Question 2

Who are the participants in a bankruptcy case? Describe their respective roles in the bankruptcy process.
 
  What will be an ideal response?


bbburns21

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Reply #1 on: Aug 3, 2018
Answer to Question 1

This provision, which appears in most contracts of sale has been interpreted to mean that the times, dates, and deadlines set forth in the contract are essential to the fulfilling of the terms of the contract.

Answer to Question 2

Students should mention and describe, at minimum, the roles of the debtor, bankruptcy attorney and paralegal, bankruptcy judge, trustee, the various creditors.


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@Brianna17

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Reply #2 on: Aug 3, 2018
TY


bbburns21

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Reply #3 on: Aug 3, 2018
You're welcome


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