PART IIFormation of the Contract
Conditions and warranties
10Stipulations about time
(1)
Unless a different intention appears from the terms of the contract, stipulations as to time of payment are not of the essence of a contract of sale.
(2)
Whether any other stipulation as to time is or is not of the essence of the contract depends on the terms of the contract.
(3)
In a contract of sale “month ” prima facie means calendar month.