Discharge of contract

Question 1

What does discharge mean?

Answer 1

The end of a contract

Question 2

What is the common case where contracts are discharged?

Answer 2

When both parties complete their obligations under the contract.

Question 3

What is it called when both parties fulfil the contract?

Answer 3

Discharge by performance.

Question 4

How else can a contract be discharged?

Answer 4

By frustration

Question 5

When is a contract discharged by frustration?

Answer 5

When a contract cannot be performed due to events outside the party’s control

Question 6

What happens in the event of a contract being frustrated?

Answer 6

The contract ends as soon as the event occurs.

Question 7

When does a breach of contract occur?

Answer 7

If either party fails to perform one or more of their contractual terms.

Question 8

What happens to primary obligations when they are breached?

Answer 8

They are replaced by secondary obligations, e.g pay injured party damages