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'Performance of a contract' under Section 37 essentially means that the parties must:
AReduce the contract to writing
BEither perform, or offer to perform, their respective promises
CRegister the contract
DObtain court approval before acting
Answer & 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.
Related questions
Under Section 45, where a promise is made to two or more promisees jointly, the right to cUnder Section 50, performance of a promise may be made in the manner or at the time which:A and B agree A will deliver goods to be paid for on delivery. A need not deliver unless BActual breach of a contract can be committed:Under Section 56, where the promisor alone knew, or with reasonable diligence should have Where a contract becomes impossible or unlawful to perform after it is made, due to an unfAn agreement to do an act impossible in itself (initial impossibility) under Section 56 isUnder Section 55, where time is NOT of the essence and performance is delayed, the promise