Indian Contract Act, 1872
37. Obligations of parties to contracts
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 promisor in case of the
death of such promisors before performance, unless a contrary intention appears
from the contract.
Illustrations
(a) A promises to deliver goods to B on a certain day of 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 the Rs. 1,000 to A's representatives.
(b) A promises to paint 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.