Asked by Francies Guzman on Jun 14, 2024
Verified
The discharge by parties of their obligations by doing what they respectively agreed to do under the terms of the contract is called discharge by ________.
A) tender
B) performance
C) abeyance
D) absolution
E) reason
Obligations
Duties or responsibilities imposed by law, contract, or moral principals.
Contract
A legally enforceable agreement between two or more parties with mutual obligations.
Discharge
The completion, termination or nullification of a legal obligation or duty.
- Understand the concept of discharge by performance and how it applies to fulfilling contractual obligations.
Verified Answer
HB
Harrison BeemillerJun 16, 2024
Final Answer :
B
Explanation :
In most situations,parties discharge their obligations by doing what they respectively agreed to do under the terms of the contract; this is called discharge by performance.
Learning Objectives
- Understand the concept of discharge by performance and how it applies to fulfilling contractual obligations.
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