THE INDIAN CONTRACT ACT, 1872

Performance in manner or at time prescribed or sanctioned by promisee The performance of any promise may be made in any manner, or at any time which the promisee prescribes or sanctions.Illustrations(a) B owes A 2,000 rupees. A desires B to pay the amount to A‟s account with C, a banker. B, who also banks […]

Place for performance of promise, where no application to be made and no place fixed for performance When a promise is to be performed without application by the promisee, and no place is fixed for the performance of it, it is the duty of the promisor to apply to the promisee to appoint a reasonable

Application for performance on certain day to be at proper time and place When a promise is to be performed on a certain day, and the promisor has not undertaken to perform it withoutapplication by the promisee, it is the duty of the, promisee to apply for performance at a proper place andwithin the usual

Time and place for performance of promise, where time is specified and no application to be made When a promise is to be performed on a certain day, and the promisor has undertaken to perform it without application by the promisee, the promisor may perform it at any time during the usual hours of business

Time for performance of promise, when no application is to be made and no time is specified —Where, by the contract, a promisor is to perform his promise without application by the promisee, and no time for performance is specified, the engagement must be performed within a reasonable time.Explanation.—The question “what is a reasonable time”

Devolution of joint rights When a person has made a promise to two or more persons jointly, then, unless a contrary intention appears from the contract, the right to claim performance rests, as between him and them, with them during their joint lives, and, after the death of any of them, with the representative of

Effect of release of one joint promisor Where two or more persons have made a jointpromise, a release of one of such joint promisors by the promisee does not discharge the other jointpromisor or joint promisors neither does it free the joint promisors so released from responsibility to theother joint promisor or joint promisors. Practice

Any one of joint promisors may be compelled to perform When two or more persons make a joint promise, the promisee may, in the absence of express agreement to the contrary, compel any 1[one or more] of such joint promisors to perform the whole of the promise. Practice area’s of B K Goyal & Co

Devolution of joint liabilities When two or more persons have made a joint promise, then, unless a contrary intention appears by the contract, all such persons, during their joint lives, and, after the death of any of them, his representative jointly with the survivor or survivors, and, after the death of the last survivor, the

Effect of accepting performance from third person When a promisee accepts performance of the promise from a third person, he cannot afterwards enforce it against the promisor. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing