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Discharge may be:
  • a)
    By operation of law
  • b)
    By mutual agreement
  • c)
    By lapse of time
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Discharge may be:a)By operation of lawb)By mutual agreementc)By lapse ...
Discharge refers to end of contractual relationship between the parties. The agreement stops to work i.e. at the point when the rights and commitments under the agreement end. As per Sections 73-75 of the Contracts Act, an agreement may be released in a few modes. They are as per the following:-

1. Discharge by execution
2. Discharge by Mutual agreement
3. Discharge by Impossibility
4. Discharge by Operation of Law
5. Discharge by Lapse of time and
6. Discharge by Breach of the contract
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Discharge may be:a)By operation of lawb)By mutual agreementc)By lapse of timed)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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Discharge may be:a)By operation of lawb)By mutual agreementc)By lapse of timed)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Discharge may be:a)By operation of lawb)By mutual agreementc)By lapse of timed)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Discharge may be:a)By operation of lawb)By mutual agreementc)By lapse of timed)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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