In the referred article, there is not any specific form for notification. It can…
Regardless of the formation, the notice shall include the creditor/employer’s requests…
As soon as the notice is delivered to the contractor, it will result in its outcomes.…
Furthermore, if any of the conditions stipulated in below – mentioned Article 124…
“In the following situations, granting time is not necessary:-…
1. If granting time is found unnecessary by the situation which the debtor in or its behaviors,…
2. In result of the default, the performance will have no use for the creditor,…
3. If from the contract it is understood that the performance will not be accepted by the creditor upon non – performance of the debt at a specified time or within a specified duration.” …
For example, if the contractor undertook to build a stadium for World Cup for the…
