Question

Performance of a contract takes place when parties to the contract fulfils the contractual obligations _________.

• A. in the manner provided
• B. within the time so provided
• C. in either of these to be satisfied
• D. both (a) and (b) to be fulfilled

Answer 1

Answer: (D)

both (a) and (b) to be fulfilled

Performance of contract' means fulfillment of the obligations by the parties. The parties who make the contract must fulfill their obligations according to the terms laid down in the contract. Performance of contract is one of the methods to discharge a contract.

A contract should be performed at the time specified and at the place agreed upon as well as in the manner provided in the contract. When this has been accomplished, the parties are discharged automatically and the contract is discharged eventually.