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  • Discharge of Contract PDF

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    The document discusses different methods of discharging a contract. A contract is discharged when the contractual relationship between parties ends and the rights and obligations created by the agreement are terminated. A contract can be discharged through mutual agreement of the parties to end it early. There are also other methods like completing performance, impossibility of performance, the passage of time outlined in the contract, due to operation of law, or breach of contract terms.

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    The document discusses different methods of discharging a contract. A contract is discharged when the contractual relationship between parties ends and the rights and obligations created by the agreement are terminated. A contract can be discharged through mutual agreement of the parties to end it early. There are also other methods like completing performance, impossibility of performance, the passage of time outlined in the contract, due to operation of law, or breach of contract terms.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    28 views3 pages

    Discharge of Contract PDF

    Uploaded by

    Wei
    The document discusses different methods of discharging a contract. A contract is discharged when the contractual relationship between parties ends and the rights and obligations created by the agreement are terminated. A contract can be discharged through mutual agreement of the parties to end it early. There are also other methods like completing performance, impossibility of performance, the passage of time outlined in the contract, due to operation of law, or breach of contract terms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 3

    Discharge of

    Contract
    The term discharge of contract means ending of
    the contractual relationship between the parties. A
    contract is said to have been discharged when it
    ceases to operate i.e. when the rights and
    obligations created by the parties came to an end.
    A contract can be discharged if the parties
    mutually agree to terminate the contract. Also
    there are different methods through which
    contracts can be discharged
    Discharge of Contract Method
    A contract is said to be discharged using the following methods:

    ● Discharge by Performance
    ● Discharge by Agreement or Consent
    ● Discharge by Impossibility of Performance
    ● Discharge by Lapse of Time
    ● Discharge by Operation of Law
    ● Discharge by Breach of Contract

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