Contracts
In Hawaii, the doctrine of 'time is of the essence' in a real estate contract means:
AA. Deadlines in the contract may be extended as a matter of courtesy
BB. All deadlines must be strictly met or the contract may be terminated✓ Correct
CC. The contract expires after 30 days automatically
DD. Performance must occur within a reasonable time
Explanation
When a contract states time is of the essence, all specified deadlines are strictly enforceable. Failure to perform by the deadline may allow the other party to cancel the contract.
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