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Business Regulatory Framework by Purnakam Dash

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6

Performance of Contracts

CHAPTER OBJECTIVES

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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