If the time by which an obligation must be performed is described as being "of the essence", what does this mean? Group of answer choices The obligation to perform on time is a condition, but equity will treat it as a warranty. The obligation to perform on time is a condition. The obligation to perform on time is an intermediate term. The obligation to perform on time is a warranty.
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If the time by which an obligation must be performed is described as being "of the essence", what does this mean?
Group of answer choices
The obligation to perform on time is a condition, but equity will treat it as a warranty.
The obligation to perform on time is a condition.
The obligation to perform on time is an intermediate term.
The obligation to perform on time is a warranty.
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