Business Studies, asked by sudhanvalm2258, 1 year ago

The right not to perform a contractual obligation is known as

Answers

Answered by Wafabhatt
0
Thank you for this question. Please find the answer below: 

The right not to perform a contractual obligation is known as; 

Discharging of Contract. 

By this, the obligor can end the contract by ending it. Once, the obligor is out of the contract he/she has the right to not to follow the rules and regulations set by the obligee. In an organisation it can done through a resignation.
Answered by mindfulmaisel
0

The right of not to form a contractual obligation is referred to as discharging of contract.

Explanation:

  • Discharging of contract means when all obligations in regards to the contract are ended.  
  • When a contract is made then there are some obligations to be carried out by the parties involved.  
  • But on discharging the contract these obligations also end. When contractual obligations are terminated by mutual agreement or by the process of law then there is no liability that falls to either party.

Learn more about contractual obligation

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