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A List and Summarize the Situations Where a Contract Is

question 44

Essay

a. List and summarize the situations where a contract is discharged by agreement of the parties.
b. List and summarize the situations where a contract is discharged by operation of law.


Definitions:

Breach of Contract

The failure of a party to fulfill the terms as agreed in a contract, which can lead to legal consequences.

Arbitration

A form of alternative dispute resolution where a neutral third party makes a binding decision to resolve a dispute outside of court.

Supreme Court

The highest judicial court in a country or state, typically having the ultimate authority in interpreting laws and the constitution.

Binding Agreement

A legally enforceable contract between two or more parties.

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