Discharge of a contract means termination of contractual relationship between the parties(matlab contract cancel ho gya)
it leads to
Discharge of performance
Discharge by agreement or consent
Discharge by impossibility
Discharge by lapse of time
Discharge by operation of law
Performance of a contracts
contracts creates a legal obligation. this legal obligation continue till contract has been performed or otherwise dischanged Performance is a way to discharge. It lies in doing or causing to be done what the promisor has promised to do.
devolution of joint rights is when the person broke the contracts of not only one person but the whole public
When the promises of both the parties are to be performed simultaneously is said to be mutual and concurrent reciprocal
---------------------------------------------------------------------------------------------
The discharge by implied consents takes place by
Novation-when a new contracts is replaced by other
Alteration-When one or more of the term of the contract is alerted by the mutual consent of parties
Recission-recission takes place when all or some of the terms of the contracts is cancelled
Remission-Remmisson takes place when acceptance of a lesser fulfilment of the promise made.
Merger-it takes place when an inferior rights accuring to party under a contract merges into a superior rights accuring to the same party under a new contracts
------------------------------------------------------------------------------------------------------------
Actual performance- accept hone ke tootta hai
Attempted performance- mai accept hi nahi hota vo pehle I=hi khatam ho jaata hai
No comments:
Post a Comment