State the various modes of discharge of a contract. Explain with examp

Question

State the various modes of discharge of a contract. Explain with examples.

22 Apr 2024

Answer :

Word Count : 765

The discharge of a contract refers to the termination of the contractual obligations between parties, leading to the end of the contract. There are several modes through which a contract can be discharged, each with its own legal implications and consequences. Let's delve into each of these modes and provide examples to illustrate their application:

1. Performance:
Performance occurs when both parties fulfill their respective obligations as outlined in the contract. Once the terms of the contract are met, the contract is discharged. For example, if A agrees to sell a car to B for a specified price and delivers the car to B, and B pays the agreed-upon price, the contract is discharged through performance.

2. Agreement:
An agreement to discharge a contract can occur through mutual consent between the parties. This may involve a new agreement that supersedes the original contract, or it could be an agreement ____ ________ ________ _____ _________ _______ _______ ________ ________.
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