If no time is specified performance of a contract, it must be performed within a reasonable time. Reasonable time means _____.Which seems reasonable to the, promiseeWhich is reasonable under the facts and circ*mstance of the caseWhich seems reasonable to (2024)

If no time is specified for performance of a contract, it must be performed within a reasonable time. Reasonable time means _____.

Principle: Acceptance should be made while the offer is still subsisting. The offer or is free to retract his offer at anytime before his offer gets accepted by the offeree. Once the offer is withdrawn or a lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then the offer must be accepted within the prescribed time. And if no time is prescribed, then the acceptance must be made within a reasonable time. 'What is a reasonable time', is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circ*mstances.
Facts: 'X' makes an offer to 'Y' to sell his equipment for Rs.1000.00. No time is specified for the acceptance. 'Y' sends his reply two years after receiving the offer.
Which of the following derivations is correct?

If no time is specified for performance, the promise must be performed within ______.

For several reasons, it is important to be able to determine whether or not a person is a promoter. Which one of the following reasons is not a valid reason?

If a company is not able to refund the excess amount of share within the reasonable time. The Company will give them Interest @ _______.