On the valid performance of the contractual obligations by the parties, the contract
  • a)
    is discharged.
  • b)
    becomes enforceable.
  • c)
    becomes void.
  • d)
    none of these.
Correct answer is option 'A'. Can you explain this answer?

CA Foundation Question

4 Answers
Lakshmi Sadhika Nagavara answered 2 weeks ago
Answer is A.Bcoz if both parties contractual obligations are completed the contract is discharged

Anjli Thakur answered 2 weeks ago
Answer a) is correct because if both parties contractual obligation complete the contract is discharged

Shivam Gupta answered Jan 17, 2020
B

Chhavi Parakh answered 6 days ago
Contractual obligation refers to the work which shall be done by both the parties to contract.when the performance of such contractual obligation is performed the contract becomes executed contract and gets discharged

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