What is the Obligation of parties to contracts? Section 37 of Indian Contract Act 1872
37. 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.
Promises bind the representatives of the promisers in case of the death of such promisers before performance, unless a contrary intention appears from the contract.
(a) A promises to deliver goods to B on a certain day on payment of Rs. 1,000. A dies before that day. A's representatives are bound to deliver the goods to B, and B is bound to pay Rs. 1,000 to A's representatives.
(b) A promises to paint a picture for B by a certain day, at a certain price. A dies before the day. The contract cannot be enforced either by A's representatives or by B.
Section 21 - Effect of mistakes as to law
Section 22 - Contract caused by mistake of one party as to matter of fact
Section 23 - What considerations and objects are lawful and what not
Section 24 - Agreements void, if considerations and objects unlawful in part
Section 25 - Agreement void, if made without consideration
Section 26 - Agreement in restraint of marriage void
Section 27 - Agreement in restraint of trade void
Section 28 - Agreements in restraint of legal proceedings void
Section 29 - Agreements void for uncertainty
Section 30 - Agreements by way of wager void
CHAPTER III CONTINGENT CONTRACTS
Section 31 - Contingent contract defined
Section 32 - Enforcement of contracts contingent on an event happening
Section 33 - Enforcement of contracts contingent on an event not happening
Section 34 - When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person
Section 35 - When contracts become void which are contingent on happening of specified event within fixed time
Section 36 - Agreements contingent on impossible events void
CHAPTER IV THE PERFORMANCE OF CONTRACTS
Section 37 - Obligation of parties to contracts
Section 38 - Effect of refusal to accept offer of performance
Section 39 - Effect of refusal of party to perform promise wholly
By whom contracts must be performed