Modes of Discharge of Contract 🔚

Discharge means termination of the contractual relationship. The parties are free from obligations.

1. By Performance ✅

• Actual: Job done.
• Attempted (Tender): Tried but rejected.

2. By Mutual Agreement 🤝

• Novation: New contract replaces old one (New parties or new terms).
• Alteration: Changing terms (Same parties).
• Rescission: Cancellation.
• Remission: Accepting less than due (e.g., Accepting ₹800 for ₹1000).
• Waiver: Giving up rights.

3. By Impossibility (Frustration) 🛑

• Initial: Impossible from start (Magic).
• Supervening: Became impossible later (e.g., Hall burnt down before wedding).
• Note: Commercial difficulty (high price) is NOT impossibility.

4. By Lapse of Time ⏳

• If not enforced within Limitation Act period (usually 3 years), debt becomes time-barred.

5. By Operation of Law ⚖️

• Death (Personal skill contracts).
• Insolvency.
• Merger.

6. By Breach 💔

• Refusal to perform.

Quiz Time! 🎯

💡 Final Wisdom: "A contract is born by Agreement, and it usually dies by Performance. But sometimes it dies by Accident (Frustration) or Murder (Breach)!" ⚰️

Next up: Breach of Contract - Breaking the promise! 💔