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    Question

    What are the obligations of the parties to a contract regarding the performance of their promises under the Contract Act?

    A The parties must either perform their respective promises or offer to perform them, unless such performance is excused by the provisions of this Act or any other law Correct Answer Incorrect Answer
    B The parties are only required to perform their promises if both parties agree to do so Correct Answer Incorrect Answer
    C The parties can choose to not perform their promises without any legal consequences Correct Answer Incorrect Answer
    D The parties must offer to perform their promises but are not obligated to complete the performance Correct Answer Incorrect Answer
    E The parties are not required to perform their promises if they are unwilling to do so Correct Answer Incorrect Answer

    Solution

    Section 37. Obligation of parties to contracts.—The parties to a contract must either perform, or offer to perform, their respective promises, unless such performance is dispensed with or excused under the provisions of this Act, or of any other law.

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