Contracts May Be Discharged by the Joint Action of Both

question 42

True/False

Contracts may be discharged by the joint action of both contracting parties or, in some cases, by the action of one party alone.

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Definitions:

Punitive Damages

Money damages that may be awarded to a plaintiff to punish the defendant and deter future similar conduct.

Gross Negligence

A severe lack of care or the deliberate disregard of one's responsibilities, often resulting in harm or damage.

Libel

Defamation in writing or in some other form (such as a digital recording) having the quality of permanence.

Good Name

The reputation, credibility, or respect that an individual or organization has earned over time.