Contracts & ExecutionQuestion 845 of 1605

A contract may be discharged (obligations ended) by all of the following EXCEPT:

a.Full performance by both parties
b.Impossibility of performance
c.Mutual agreement to rescind
d.One party's private, unexpressed change of heart

Explanation

Contractual duties are discharged by events such as complete performance, mutual rescission, accord and satisfaction, novation, or supervening impossibility or impracticability. A party's private, unexpressed change of mind does not discharge the contract; obligations remain until a recognized legal ground ends them. Merely wishing to be free of the deal, without agreement or a legal excuse, leaves the party bound and exposed to breach liability.

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Reviewed by Abraham Chen Licensed California General Contractor (CSLB License #1101856 verify)
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