what is an example of discharging a contract because of impossibility of performance? a) when the seller actually does not legally own the property being sold b) when one principal or the other dies before the contract can be signed c) when the principals agree to fraudulently move boundaries to claim more land d) when the buyer conceals the fact that he does not a have the funds to buy a property

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17-12-2022
Business

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what is an example of discharging a contract because of impossibility of performance? a) when the seller actually does not legally own the property being sold b) when one principal or the other dies before the contract can be signed c) when the principals agree to fraudulently move boundaries to claim more land d) when the buyer conceals the fact that he does not a have the funds to buy a property

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lhdanch lhdanch · Answer 1 · 2022-12-22T11:24:53+01:00

An example of discharging a contract because of the impossibility of performance is when the buyer conceals the fact that he does not have the funds to buy a property (Option D).

What is Discharge of Contract?

The term termination of contract means the termination of the contractual relationship between the parties. A contract is deemed to have been performed when it is suspended, ie when the rights and obligations established by the parties have expired. A contract can be dissolved if the parties terminate the contract by mutual agreement.

Discharge of performance takes place when the contracting parties fulfill their contractual obligations within the time limits and according to the prescribed methods. In this case, the parties are dismissed and the contracts are terminated

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