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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?
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On the valid performance of the contractual obligations by the parties...
Discharge of Contractual Obligations:
When the parties perform their respective obligations as per the terms of the contract, then the contract is said to be discharged. This means that the parties have fulfilled their duties and responsibilities under the contract.
Effect of Discharge:
The effect of the discharge of the contract is that the parties are no longer bound by the terms of the contract. It means that they are released from their obligations and are free to pursue other opportunities.
Options given in the Question:
a)is discharged.
This option is correct as it correctly states the effect of the performance of contractual obligations.
b)becomes enforceable.
This option is incorrect as the contract was already enforceable from the time it was created. The performance of obligations does not change this fact.
c)becomes void.
This option is incorrect as the contract cannot become void simply by the performance of obligations. There has to be some other valid reason for a contract to become void.
d)none of these.
This option is incorrect as option 'A' is the correct answer.
When the parties perform their respective obligations as per the terms of the contract, then the contract is said to be discharged. This means that the parties have fulfilled their duties and responsibilities under the contract.
Effect of Discharge:
The effect of the discharge of the contract is that the parties are no longer bound by the terms of the contract. It means that they are released from their obligations and are free to pursue other opportunities.
Options given in the Question:
a)is discharged.
This option is correct as it correctly states the effect of the performance of contractual obligations.
b)becomes enforceable.
This option is incorrect as the contract was already enforceable from the time it was created. The performance of obligations does not change this fact.
c)becomes void.
This option is incorrect as the contract cannot become void simply by the performance of obligations. There has to be some other valid reason for a contract to become void.
d)none of these.
This option is incorrect as option 'A' is the correct answer.
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Community Answer
On the valid performance of the contractual obligations by the parties...
Answer is A.Bcoz if both parties contractual obligations are completed the contract is discharged
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On the valid performance of the contractual obligations by the parties, the contracta)is discharged.b)becomes enforceable.c)becomes void.d)none of these.Correct answer is option 'A'. Can you explain this answer?
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