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Identify and explain any three ways in which a contract may be discharged.

Identify and explain any three ways in which a contract may be discharged.

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Answer #1

The different ways in which a contract may be discharged are as follows:

  • Agreement : This is a discharge by both the parties. In this case both the parties agree to each other and discharge the contract.
  • Breach: Breach can happen when the contract does not serve the purpose. If the terms and conditions in the contract does not convert in to action, there can be a breach in the contract.
  • Limits on the Doctrine: In this case if the contract really becomes very difficult and exceed what is actually anticipated the contract may get discharged.
  • Performance: When the performance does not meet what is actually agreed in the contract both parties may get discharged from contract.
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