Types of Performance of Contract – Actual Performance and Attempted Performance | Business Law

Types of Performance of Contract

Types of Performance of  Contract

Performance of contract means that both the promisor and the promisee have fulfilled their respective obligations under the contract. Contracts require the contracting parties to perform their mutual promises until they are discharged or terminated. A contract is discharged most naturally and usually by performing it. When a contract is performed as agreed, the parties are discharged from further responsibility. He is generally entitled to receive the performance of the other party if he performs such a task. For Example, X visits a bakery shop in order to purchase a cake. X pays the shopkeeper for delivering the cake. As a result of mutual performance, the contract is discharged.

Some of the Major Types of Performance of Contract are as follows:

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