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

Q: Answer-What are the obligations of the parties to a contract regarding the performance of their promises un...

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.

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

B The parties are only required to perform their promises if both parties agree to do so

C The parties can choose to not perform their promises without any legal consequences

D The parties must offer to perform their promises but are not obligated to complete the performance

E The parties are not required to perform their promises if they are unwilling to do so

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

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