7

The Indian Contract Act 1872: Discharge of a Contract

Learning Objectives

In this chapter, the students will come to know the

  • 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.

 

Mode of discharge of a contract

 

Figure 7.1 Mode of discharge of a contract.

7.2 DISCHARGE OF A CONTRACT ON PERFORMANCE

A contract can be discharged by ...

Get Business Law now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.