Discharge of Contract

1. Discharge of Contract

2. Modes of Discharge of Contract • By Performance • By Agreement • Impossibility of Performance • Lapse of Time • Operation of Law • Breach of Contract

3. By Performance • Actual Performance • Attempted Performance

4. By Agreement • Novation • Rescission • Alteration • Remission • Waiver • Merger

5. By Impossibility of Performance • At the time of Agreement • Known to the parties • Unknown to the parties • Subsequent to Contract (Supervening Impossibility) • Destruction of Subject Matter • Non-existence of a particular state of things • Death or incapacity • Change of law or stepping of a statutory authority

6. Impossibility of Performance- Not an Excuse • Difficulty of Performance • Commercial impossibility • Failure of a third person • Strikes, lock-out and civil disturbance • Failure of one of the object

7. By Lapse of Time • Limitation act

8. By Operation of Law • By Death • By Merger • Insolvency • Unauthorized alteration • Rights and liabilities vested in the same person

9. By Breach of Contract • Actual • Anticipatory