The vast majority of contracts are discharged by operation of law.

Name: The vast majority of contracts are discharged by operation of law.
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The vast majority of contracts are discharged by performance, meaning that the contracts are fulfilled as agreed upon by the parties involved. Discharge by operation of law is less common and occurs in specific situations such as bankruptcy, the death of a party in certain contracts, or the occurrence of an impossibility to perform.

The Vast Majority of Contracts Are Discharged by Operation of Law