Which of the following is true of discharge of contracts?
A) Both parties to a contract are discharged when they have completely performed their contractual duties.
B) A contract created by mutual agreement between two parties cannot be discharged by mutual agreement.
C) A party who has breached a contractual duty may be discharged from liability for breach if the other party brings suit within the statute of limitations.
D) If a party consents to an alteration, he or she is discharged.

Question

Quizplus · Accepted Answer

Parties who have been released from their obligations under a contract are said to be discharged. Normally, both parties to a contract are discharged when they have completely performed their contractual duties.

Which of the Following Is True of Discharge of Contracts