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CHAPTER 1V
OF THE PERFORMANCE OF CONTRACTS

Contracts which must be performed
37. Obligation of parties to contracts.
38. Effect of refusal to accept offer of performance.
39. Effect of refusal of party to perform promise wholly.
By whom Contracts must be performed.
40. Persons by whom promise is to be performed.
41. Effect of accepting performance from third person.
42. Devolution of joint liabilities.
43. Any one of joint promisors may be compelled to perform.
Each promisor may compel contribution.
Sharing of loss by default in contribution.
44. Effect of release of one joint promisor.
45. Devolution of joint rights.

Time and Place for Performance.
46. Time for performance of promise where no application is to be made and no time is specified.
47. Time and place for performance of promise where time is specified and no application to be made.
48. Application for performance on certain day to be at proper time and place.
49. Place for performance of promise where no application to be made and no place fixed for performance.
50. Performance in manner or at time prescribed or sanctioned by promisee.

Performance of Reciprocal Promises.
51. Promisor not bound to perform, unless reciprocal promisee ready and willing to perform.
52. Order of performance of reciprocal promises.
53. Liability of party preventing event on which the contract is to take effect.
54. Effect of default as to that promise which should be first performed, in contract consisting of reciprocal promises.
55. Effect of failure to perform at fixed time, in contract in which time is essential.
Effect of such failure when time is not essential.
Effect of acceptance of performance at time other than that agreed upon.
56. Agreement to do impossible act.
Contract to do act afterwards becoming impossible or unlawful.
Compensation for loss through non-performance of act known to be impossible or unlawful.
57. Reciprocal promise to do thing legal, and also other things illegal.
58. Alternative promise, one branch being illegal.

Appropriation of Payments.
59. Application of payment, where debt to be discharged is indicated.
60. Application of payment, where debt to be discharged is not indicated.
61. Application of payment where neither party appropriates.

Contracts which need not be performed.
62. Effect of novation, rescission and alteration of contract.
63. Promisee may dispense with or remit performance of promise.
64. Consequences of rescission of voidable contract.
65. Obligation of person who has received advantage under void agreement or contract that becomes void.
66. Mode of communicating or revoking rescission of voidable contract.
67. Effect of neglect of promisee to afford promisor reasonable facilities for performance.
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