Question

A contract may be discharged in one of the following ways..
A- discharge by performance
B- discharge by mutual consent
C- discharge by impossibility of performance
D- all of the above​

Answer 1

Answer:

D) all of the above

A contract may be discharged in one of the following ways.

• discharge by performance
• discharge by mutual consent
• discharge by impossibility of performance
• Explanation:

• Discharge by Performance:- A contract might be discharged by Actual Performance or Attempted Performance. Real Performance is said to have occurred when every one of the contracting parties has done what he had consented to do under the contract. Whenever the promisor offers to give his performance under the contract, yet the promisee will not acknowledge something similar, then, at that point, it adds up to discharge by endeavoured performance.

• Discharge by Mutual Agreement:- The contracting gatherings may mutually consent to discharge the current contract in any of the accompanying ways:-

            (I) Rescission

            (ii) Alteration

            (iii) Novation

            (iv) Remission

             (v) Waiver

             (vi) Merger

• Discharge by Supervening Impossibility:- A contract that was legitimate at the time of arrangement may consequently become incomprehensible or unlawful to perform and will in this way stand discharged. A contract becomes void due to supervening impossibility in any of the accompanying occasions:-

           (I) Destruction of topic

           (ii) Change of Law

           (iii) Non-simultaneousness of conditions

           (iv) Death or inadequacy for individual administrations

           (v) Outbreak of war

           (vi) Failure of a definitive motivation behind the contract.