A contract that is discharged by performance is one in which the respective legal obligations of the parties have been fulfilled.

Question

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A contract is discharged by performance when both parties have fulfilled their legal obligations under the terms of the contract. This can either be done by complete performance or substantial performance by either party. Once the obligations are fulfilled, the contract is considered complete and no further action is required by either party.

A Contract That Is Discharged by Performance Is One in Which