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What is the legal terminology for the doing or not doing of something which the promisor desires to be done or not done?

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Time may by made the essence of a contract by subsequent notice also.

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Question_of_the_Day

When a party to a contract transfers his contractual right to another, it is:

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On the insolvency of a partner the insolvent ceases to be a partner in the firm whether the firm is dissolved or not

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#Question_of_the_Day An agreement in restraint of marriage of any person other than a minor is #Business_Law_IMP_Questions

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#Question_of_the_Day In a contract of sale of goods the following conditions are implied unless different intention is shown in the contract #Business_Law_IMP_Questions

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#Question_of_the_Day An offer accepted without knowledge does not confer any legal on the acceptor #Business_Law_IMP_Questions

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