Question

Contracted parties discharge their obligations by doing what they respectively agreed to do under the terms of an agreement; this is called discharge by ______.

Answer 1

If Contracted parties discharge their obligations by doing what they respectively agreed to do: this is called discharge by performance

What is Discharge by performance?

Discharge by perfomance can be defined as the process in which a parties in a contract agreed to carryout or agreed to perform their duties based on the terms of their agreement.

By doing so the parties has fulfil their obligation based on their contract agreement which is know as discharge of performance.

Therefore this is called discharge by performance

Learn more about Discharge by perfomance here:brainly.com/question/8307959

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