(b) That's right.
You were asked to select the statement for which Holland & another v Wiltshire (1954) 90 CLR 409 provides authority?
Holland & another v Wiltshire is authority for the statement that late performance of a contract entitles the non-defaulting party to terminate performance of the contract provided it can be inferred by the court that the time of performance was a condition of the contract.
Holland & another v Wiltshire is not authority for the statement that late performance of a contract does not entitle the non-defaulting party to terminate performance of the contract because the time of performance is always treated by the courts as a warranty, rather than a condition of the contract.
Holland & another v Wiltshire is not authority for the statement that late performance always entitles the non-defaulting party to terminate performance, because the time of performance is always treated by the courts as a condition of the contract.
Give yourself one mark for this answer.
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