Which of the following is not one of the modes of discharging a contract?
Subrogation substitutes one person into another’s rights, such as when a surety acquires a creditor’s rights after payment. It is not itself a mode of discharging a…
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Which of the following is not one of the modes of discharging a contract?
Answer and explanation
Correct answer C
Subrogation substitutes one person into another’s rights, such as when a surety acquires a creditor’s rights after payment. It is not itself a mode of discharging a contract. Performance, frustration and lapse of the applicable limitation period are conventionally treated as modes of discharge, although limitation ordinarily bars the remedy rather than extinguishing the underlying right.
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