The Indian Contract Act, 1872: Discharge of a Contract
After reading this chapter, you will be able to understand:
- What is discharge of a contract?
- Various methods of discharge of a contract
- Initial and supervening impossibility of a performance
- Breach of a contract and its consequences
7.1 DISCHARGE OF A CONTRACT
Discharge of a contract means termination of the contractual relations between the parties to the contract. The contract may be discharged in the following six modes as shown in Figure 7.1.
7.2 DISCHARGE OF A CONTRACT ON PERFORMANCE
A contract can be discharged by performance in any of the following ways.
7.2.1 By an Actual Performance
It means the parties to contract have performed their respective promises ...