A contract is discharged when each party has completed its obligations to the satisfaction of the other party.

Name: A contract is discharged when each party has completed its obligations to the satisfaction of the other party.
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Question

Quizplus · Accepted Answer

This is the definition of discharge of a contract. Once both parties have fulfilled their obligations, the contract has been fully performed and is considered discharged.

A Contract Is Discharged When Each Party Has Completed Its