Which of the following is true ........

Indian Contract Act (ICA)1872 Performance of a Contract

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Which of the following is true?

Under a contract, the parties must either perform, or offer to perform, their respective Promises

The parties can dispense with the performance of their respective promises

Both (a) and (b)

Neither (a) nor (b)

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Explanation:

Section 37 of the Indian Contract Act –
37. Obligations of parties to contract. The parties to a contract must either perform, or offer to perform, their respective promises, unless such performance in dispensed with or excused under the provision of this Act, or of any other law. Promises bind the representative of the promisor in case of the death of such promisors before performance, unless a contrary intention appears from the contract.