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SALE OF GOODS ACT 1923 - SECT 15
Stipulation as to time
15 Stipulation as to time
(1) Unless a different intention appears from the terms of the contract,
stipulations as to time of payment are not deemed to be of the essence of a
contract of sale. Whether any other stipulation as to time is of the essence
of the contract or not depends on the terms of the contract.
(2) In a
contract of sale
"month" means prima facie calendar month.
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