A agrees to build a machine for B by September 1 for $3000.00.On August 15,both A and B agree not to proceed with the contract.In this situation
A)the contract has not been discharged and the parties must complete their respective obligations.
B)the contract has been discharged by waiver.
C)the contract has been discharged by anticipatory breach.
D)the contract has been discharged by a condition precedent.
E)the contract has been discharged by a condition subsequent.

Question

Quizplus · Accepted Answer

Both parties have agreed to not proceed with the contract, which is a mutual waiver of their obligations. Therefore, the contract has been discharged by waiver.

A Agrees to Build a Machine for B by September