Discharge by performance contract law
A contract is said to be discharged by performance when both the parties perform all the primary obligations both express and implied which are set out under the contract. The obligation is considered performed only if the performance complies with the standard of performance required. Performance, in law, act of doing that which is required by a contract. The effect of successful performance is to discharge the person bound to do the act from any future contractual liability. The effect of successful performance is to discharge the person bound to do the act from any future contractual liability. 5] Discharge of a Contract by Operation of Law. A contract can be discharged by operation of law which includes insolvency or death of the promisor. 6] Discharge by Breach of Contract. If a party to a contract fails to perform his obligation according to the time and place specified, then he is said to have committed a breach of contract.