What is the main difference between contracts discharged due to operation of law and contracts discharged due to acts of the parties? Discharge due to acts of the parties never requires court intervention, whereas discharge due to operation of law always does. Discharge due to operation of law reflects at least one party's intent, whereas discharge due to acts of the parties doesn't necessarily reflect either party's intent. Discharge due to acts of the parties is legally binding, whereas discharge due to operation of law is not. Discharge due to operation of law doesn't necessarily reflect either party's intent, whereas discharge due to acts of the parties reflects at least one party's intent. 11 XIR Submit > 17

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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What is the main difference between contracts discharged due
to operation of law and contracts discharged due to acts of the
parties?
Discharge due to acts of the parties never requires court intervention,
whereas discharge due to operation of law always does.
Discharge due to operation of law reflects at least one party's intent,
whereas discharge due to acts of the parties doesn't necessarily
reflect either party's intent.
Discharge due to acts of the parties is legally binding, whereas
discharge due to operation of law is not.
Discharge due to operation of law doesn't necessarily reflect either
party's intent, whereas discharge due to acts of the parties reflects at
least one party's intent.
11
XIR
Submit >
17
Transcribed Image Text:What is the main difference between contracts discharged due to operation of law and contracts discharged due to acts of the parties? Discharge due to acts of the parties never requires court intervention, whereas discharge due to operation of law always does. Discharge due to operation of law reflects at least one party's intent, whereas discharge due to acts of the parties doesn't necessarily reflect either party's intent. Discharge due to acts of the parties is legally binding, whereas discharge due to operation of law is not. Discharge due to operation of law doesn't necessarily reflect either party's intent, whereas discharge due to acts of the parties reflects at least one party's intent. 11 XIR Submit > 17
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