Intro Flashcards
1
Q
What is discharge?
A
Where the obligation of one party is discharged, the corresponding right of the other party is extinguished.
Where all obligations arising under a contract are discharged and all rights thus extinguished, the contract is discharged.
1
Q
What are the 5 ways you can discharge a contract?
A
(a) Performance;
(b) Expiry
(c) Agreement;
(d) Breach; or
(e) Frustration.
