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
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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