Which of the following involves the discharge of a contract by performance?
A)One of the parties becomes bankrupt.
B)Each party discharges the obligation of the other to perform the contract.
C)The parties carry out exactly the terms of the contract.
D)Performance of the contract becomes impossible due to the occurrence of an unforeseen event.

Question

Quizplus · Accepted Answer

Discharge by performance occurs when both parties carry out the exact terms of the contract. This leads to the full satisfaction of the contractual obligations and the end of the agreement.

Which of the Following Involves the Discharge of a Contract