Explain what is the significance of cakes were to delivered

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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 "time is of the essence." What is the significance of these words in the contract?

Reference no: EM1370169

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