DISCHARGE BY OPERATION OF LAW

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A contract may be discharged by operation of law. This includes discharge

 

(a)  By Death: In contracts involving personal skill or ability, the contract is terminated on death of the promissory. In other  contracts the rights and liabilities of a deceased person pass on to the legal representatives of the deceased person.

(b)  By Merger: When  an inferior right accruing to a party merges into a superior rights accruing to the same party under the same or some other contract the inferior right accruing to the party is said to be discharged.

(c)  By Insolvency: When a person is adjudged insolvent, he is discharged from all liabilities incurred prior to his adjudication.

(d)  By Authorised Alteration of the terms of a written agreement: Where a party to a contract makes any material alteration in the contract without the consent of the other parts, the other parts can avoid the contract. A material alteration is one which changes in a significant manner the legal identity or character of the contract or the rights and liabilities of the parties to the contract.

B y Rights and Liabilities becoming visited of the Person: Where the rights and liabilities under a contract vested in the same person for example when a bill gets into the hands of the acceptor, the other parties are discharged.

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