'Performance of a contract' under Section 37 essentially means that the parties must:
- Reduce the contract to writing
- Either perform, or offer to perform, their respective promises
- Register the contract
- Obtain court approval before acting
Show answer and solution
Correct answer: B. Either perform, or offer to perform, their respective promises
Section 37 requires the parties to perform or offer to perform their promises unless performance is dispensed with or excused under the Act.