The Indian Contract Act, 1872
Chapter-IV Of the Performance of Contracts
Time and place for performance
Section 46: Time for performance of promise, when no application is to be made and no time is specified.
46. Where, by the contract, a promisor is to perform his promise without application by the promisee, and no time for performance is specified, the engagement must be performed within a reasonable time.
Explanation.—The question “what is a reasonable time” is, in each particular case, a question of fact.
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