Question

State and explain 4 way by which a contruct Can be discharged

Answer 1

Answer:

1. Discharge by performance:

The contract comes to an end when both parties perform their contractual obligations

example : guy finds a bike on craigslist, they meet outside and the buyer pays the seller

2. Discharge by mutual consent :

example : guys buys a shirt from a store. later he doesnt like it anymore and returns it back to the store which is OK because it's the stores policy

3. Discharge of contract by impossibility of performance:

usually occurs when the contractual duty cannot be performed because of illness

4. Discharge by frustration:

example : where something like an outbreak of a war could void a contract

5. Discharge by Anticipatory (or repudiatory) breach :

guy doesn't do what he said he would do. he doesn't come through

examples: you've contracted to buy a house but then he sells it someone else

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