Question

Johanna agrees to purchase Jessie’s land so that she can build a golf course. They write a contract, and Johanna transfers the deed to Jessie. Jessie pays Johanna the entire purchase price. Johanna and Jessie have discharged their contract by __________.

Answer 1

Answer:

Performance.

Explanation:

Jessie and Johanna have discharged their contracts by performance. Performance means that both parties have done what was arranged and required by a contract. In other words, when a contract is discharged by performance what is being said is that it was a successful performance of the contract; where both parties were bound to, perform, realize certain things and did so as arranged.