6

The Indian Contract Act, 1872: Performance of Contract

Learning Objectives

After reading this chapter, you will be able to understand:

  • 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 ...

Get Business Law, 3rd Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.