Answer:
B. There are a number of ways by which a party's contractual obligations can be terminated and the party thereby discharged.
Explanation:
The number of ways or reasons that a party's contractual obligations can be terminated and the party thereby discharged. Some of the reasons are:
1. Discharge by performance: When the obligations in the contract has been performed, party can be discharged.
2. Prior Agreement To Terminate: Party can be discharged if the parties involved have come to an agreement to terminate the contract.
3. Impossibility of Performance: If one party has discovered that he is unable to perform the obligations, there is a call for termination.
4. Breach of contract
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