2 example of discharge of contract
Answers
Answered by
1
Explanation:
When the parties to a contract fulfil the obligations arising under the contract within the time and manner prescribed, then the contract is discharged by performance. Illustration: Peter agrees to sell his cycle to John for an amount of Rs 10,000 to be paid by John on the delivery of the cycle.
FOLLOW ME
Answered by
1
Answer:
Example: Peter agrees to sell his cycle to John for an amount of Rs 10,000 to be paid by John on the delivery of the cycle. As soon as it is delivered, John pays the promised amount. Since both the parties to the contract fulfil their obligation arising under the contract, then it is discharged by performance.
Explanation:
follow me
like my answer
Similar questions
English,
3 months ago
Business Studies,
6 months ago
Science,
6 months ago
Social Sciences,
1 year ago
Accountancy,
1 year ago