1. Welcome Friends

2. Business Law

3. Topic
Discharge of Contract

4. Meaning
A contract creates obligations and rights. A contract becomes discharged when both parties perform their obligations is full . In the same way, a party is discharged from his liabilities under a contract if he has performed his obligations in full.

5. Methods of discharge By a Performance By a New Agreement
By a Impossibility of Performance
By a lapse of Time
By a Operation of Law
By a Breach of Contract

6. Attempted performance
By a Performance
Actual Performance
Attempted performance

7. By a Agreement of Consent
Novation
Recession
Alteration
Remission
Waiver
Accord and Satisfaction
Merger

8. By a Impossibility of Performance
Impossibility existing at the Time of Formation of Contract.
Impossibility Arising Subsequent to the Formation of Contract.

9. By a Operation of Law Death Insolvency Merger
Unauthorized Material Alteration

10. By a Breach of Contract
Actual Breach
Anticipatory Breach

11. By V.VENKATASAMY ASSOCIATE PROF. OF COMMERCE
Thank You So Much By
V.VENKATASAMY
ASSOCIATE PROF. OF COMMERCE