Asked by Francies Guzman on Jun 14, 2024

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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.
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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.