Business Regulatory Framework

6 Performance of Contracts

After carefully reading this chapter, you will be able:

To understand the meaning of performance of contracts.
To differentiate between actual performance and attempted performance.
To narrate the meaning of tender and the rules regarding a valid tender.
To explain various types of reciprocal promises and the rules regarding their performance.
To identify the cases, when a contract needs no performance.
To get a clear idea of assignment of contracts.
To know clearly, by whom a contract is to be performed and who can demand performance.
To state the rules regarding, appropriation of payments and devolution of joint rights and liabilities.
To explain the rules regarding time and place of performance. ...

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