Multiple choice

When the promisor offers to perform his obligation under the contract to the promise, it is called

  1. novation

  2. offer to performance

  3. tender of performance

  4. rescission

  5. None of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the Indian Contract Act, performance of contract includes actual performance or offer to perform. Offer of promise is when the promisor offers performance of his obligation under the contract at the proper time and place.