Breach of Contract Due to Late Delivery and Essential Time Stipulation

A dispute arose concerning a contract where one party, obligated to deliver goods, failed to meet the deadlines, leading the counterparty to seek termination of the contract and damages. The court of appeal had upheld the termination, finding that the timely delivery was an essential condition of the contract, rendering the failure to meet the deadlines a fundamental breach justifying rescission. The high court rejected the appeal, affirming that the appellate court correctly determined, based on the contract's nature and the resulting prejudice, that the time stipulation was essential, thereby justifying the judicial dissolution of the agreement and the awarding of damages to the non-breaching party.