Step 1: Understanding the Question:
The question asks for the meaning of the fundamental Latin legal maxim "pacta sunt servanda" within the context of international law.
Step 2: Key Legal Principles and Approach:
The principle of *pacta sunt servanda* is the cornerstone of the law of treaties and international agreements.
It is codified in Article 26 of the Vienna Convention on the Law of Treaties (VCLT), 1969.
Step 3: Detailed Explanation:
• Translation and Definition: The Latin phrase *pacta sunt servanda* translates literally to "agreements must be kept."
• In international law, it signifies that treaties and agreements entered into by sovereign states are legally binding upon them and must be performed in good faith.
• Codification in VCLT: Article 26 of the VCLT states: "Every treaty in force is binding upon the parties to it and must be performed by them in good faith."
• Importance of the Principle: This principle forms the foundation of international order and cooperation.
• Without this rule, states could arbitrarily withdraw from treaties or violate their international obligations without legal consequences, destroying the predictability of international relations.
• A state cannot invoke the provisions of its internal (municipal) law as a justification for its failure to perform a treaty, as reaffirmed in Article 27 of the VCLT.
• Therefore, the dictum represents the principle that agreements are binding, which matches Option (A).
Step 4: Final Answer:
The dictum *pacta sunt servanda* means that treaties and agreements are binding and must be performed in good faith, making Option (A) the correct answer.