Contracts
In Montana, a contract is 'discharged by performance' when:
AOne party fails to perform and the other party cancels
BBoth parties fully complete all of their contractual obligations, ending the contract✓ Correct
CA court orders the contract performed
DThe contract's time period expires without performance
Explanation
A contract is discharged (ended) by performance when both parties fully and completely perform all of their contractual obligations. In real estate, this occurs at closing when the seller delivers the deed and the buyer pays the purchase price.
Related Montana Contracts Questions
- Under the Montana Seller's Disclosure Act, when must the seller's disclosure be provided to the buyer?
- In a land contract (contract for deed) in Montana:
- A contingency in a purchase contract allows a buyer to:
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