Examlex
Which one of the following examples is most consistent with the textbook's definition of assessment?
Discharged by Agreement
A situation where the parties involved decide to release each other from the obligations of a contract, effectively ending the contract.
Operation of Law
Changes in legal rights or obligations that occur automatically due to established legal rules, without the need for action by the parties involved.
Discharged
Refers to the completion or termination of an obligation or responsibility, such as a debt being paid off or a contractual duty being fulfilled.
Frustration of Purpose
A legal doctrine that excuses a party from fulfilling a contract when an unforeseen event undermines the contract's original reason.
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