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
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
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.