Merchantile law
This query is : Resolved
04 March 2015
What is performance of contracts?
04 March 2015
DISCHARGE OF A CONTRACT
# Discharge by performance
# Discharge by agreement or consent
# Discharge by impossibility of performance
# Discharge by lapse of time
# Discharge by operation of law
# Discharge by breach of contract
DISCHARGE BY PERFORMANCE
Actual Performance:
When both parties perform their promises & there is nothing remaining to perform.
Attempted Performance:
When the promisor offers to perform his obligation, but promisee refuses to accept the performance. It is also known as tender.
# Discharge by performance
# Discharge by agreement or consent
# Discharge by impossibility of performance
# Discharge by lapse of time
# Discharge by operation of law
# Discharge by breach of contract
DISCHARGE BY PERFORMANCE
Actual Performance:
When both parties perform their promises & there is nothing remaining to perform.
Attempted Performance:
When the promisor offers to perform his obligation, but promisee refuses to accept the performance. It is also known as tender.
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07 March 2015
THnx sir...for ur help...
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