Asked by
Mohd Syafii M Saleh
on Nov 27, 2024
Verified
When a lapse of time and a change in circumstances make it substantially more burdensome for the parties to perform, a contract is discharged.
Lapse of Time
The expiration of a period specified by statute, contract, or agreement after which legal rights may no longer be enforced or claims made.
Substantially More Burdensome
A term referring to contract modifications or conditions that significantly increase the obligations of one party beyond what was initially agreed upon.
- Differentiate among the different methods of contract discharge and understand their consequences.
Verified Answer
AE
Learning Objectives
- Differentiate among the different methods of contract discharge and understand their consequences.