Once a party has entered into a binding agreement, how does the party terminate his or her obligation under the contract? A. When a party's obligations under a contract are terminated, the party is said to be discharged. B. There are a number of ways by which a party's contractual obligations can be terminated and the party thereby discharged.

B. There are a number of ways by which a party's contractual obligations can be terminated and the party thereby discharged.

Explanation:

The number of ways or reasons that a party's contractual obligations can be terminated and the party thereby discharged. Some of the reasons are:

1. Discharge by performance: When the obligations in the contract has been performed, party can be discharged.

2. Prior Agreement To Terminate: Party can be discharged if the parties involved have come to an agreement to terminate the contract.

3. Impossibility of Performance: If one party has discovered that he is unable to perform the obligations, there is a call for termination.

4. Breach of contract

gold discovery in california, and pioneer settlers were sometimes pulled west because they wanted to make a better living. others received letters from friends or family members who had moved west. these letters often told about a good life on the frontier. the biggest factor that pulled pioneers west was the opportunity to buy land.

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