Business Law (2024)

6

The Indian Contract Act 1872: Performance of Contract

Learning Objectives

In this chapter, the students will come to know

  • Performance of a contract and its type.

  • What is a valid tender and its effect on a contract?

  • Contracts which need not to perform.

  • Who can perform the promise under contract?

  • Rules regarding performance of a joint promise.

  • Rules regarding appropriation of a payment.

Performance of a contract is one of the methods of discharge of a contract. The performance may be of two types: (a) actual performance and (b) attempted performance.

An actual performance of a contract means performing all the promises and fulfilling all the liabilities by all the parties. The actual performance discharges the contract and also discharges ...

Business Law (2024)
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