What is Time for performance of promise, where no application is to be made and no time is specified? Section 46 of Indian Contract Act 1872
46. Where, by the contract, a promiser 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" is, in each particular case, a question of fact.
Time and place for performance
Performance of reciprocal promises
Appropriation of payments