Knowee
Questions
Features
Study Tools

Discharge by Blank______ refers to parties discharging their obligations by doing what they respectively agreed to do under the terms of the contract.Multiple choice question.persuasionperformancepenanceperpetuity

Question

Discharge by Blank______ refers to parties discharging their obligations by doing what they respectively agreed to do under the terms of the contract.Multiple choice question.persuasionperformancepenanceperpetuity

🧐 Not the exact question you are looking for?Go ask a question

Solution

The correct answer is "performance". This term refers to the act of fulfilling a duty, promise, or obligation. In the context of a contract, discharge by performance means that both parties have done what they agreed to do under the terms of the contract.

Similar Questions

Discharge by performance refers to parties discharging their obligations by: Blank______.Multiple choice question.asserting the doctrine of frustration of purposeasserting the doctrine of commercial impracticabilitydoing what they agreed to doinvoking equitable relief

Which of the following is not a means by which parties to a contract may agree to discharge each other from their obligations?Multiple choice question.Mutual remunerationNovationSubstituted contractAccord and satisfaction

Through Blank______, parties discharge their duty by making an offer to perform and being ready, willing, and able to perform.Multiple choice question.tindertenderprofferpresentment

Which of the following is a way a party’s contractual obligations can be discharged?Multiple ChoiceOne party has changed their mind about the contractThe failure of a condition to occurPersonality conflicts among the partiesDisagreement between the partiesUnhappiness with the contract terms

Contract is discharged by*Mutual consentPerformance and BreachLapse of time and operation of lawAll of the above

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.