Which of the following is the best description of discharge by release?
A)A party who has already performed their obligation chooses to relieve the other party from performing their obligation.
B)Both parties abandon their original agreement while it is still executory.
C)One party leads the other to reasonably believe that strict performance will not be insisted upon.
D)A party who has already performed their obligation agrees to relieve the other party from performing their obligation in return for their doing something different.

Question

Quizplus · Accepted Answer

Discharge by release occurs when a party who has already performed their obligation chooses to relieve the other party from performing their obligation. This can be done through a written agreement or through the actions of the parties. For example, if a contractor has already completed a construction project, they may release the owner from paying the final installment of the contract price.

Which of the Following Is the Best Description of Discharge