Hi,
If the parties in dispute are A and B.
A sends notice to B say on day 1 to return the money as a contract was breached.
B replies to A on day 10 saying that A has to pay penalties at say X% instead and money would not be returned as B thinks A failed to honor the contract. B does not specify how soon the response is to be given.
A consults a lot of people, lawyers etc and takes nearly 45 days to respond, and responds on day 55 (45 days after receiving the response from B) saying that A still disagrees, and the contract must be cancelled.
Now is there a law that says that if a response does not come back in certain number of days (in this case from A who took a long time going through all legal angles) then whatever the other party has sent is to be accepted?
Is there a default time period like 15 days or so for disputes or disagreements of property purchase?
Thanks,
SJ.
