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What is the significance of these words in the contract

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Reference no: EM13947783

1. Midge agreed to supply 150 cheesecakes to Just Desserts, a gourmet food store that planned to freeze the cakes and sell them. The contract provided that the cakes were to be delivered by 5:00 p.m. December 15 and that œtime is of the essence. What is the significance of these words in the contract 

Reference no: EM13947783

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What is the significance of these words in the contract : The contract provided that the cakes were to be delivered by 5:00 p.m. December 15 and that œtime is of the essence. What is the significance of these words in the contract
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