Johanna agrees to purchase Jessie's land so that she can build a golf course. They write a contract, and Johanna transfers the deed to Jessie. Jessie pays Johanna the entire purchase price. Johanna and Jessie have discharged their contract by:

a. breach.

b. performance.

c. concurrence.

d. lapse of time.

Performance

B

Explanation:

In this question, we are asked to state in what way was a contract on a land purchase deal was discharged.

Firstly, we need to understand what is meant by the term contract discharge. What is meant by the term contract discharge refers to what has happened when the main obligations of a contract has ended.

It refers to the termination of a contractual agreement between two or more parties who are involved in the contract deal.

Now, to terminate a contract, there may or there may not be the fulfillment of all obligations which are in the contractual agreement. What this means is that a contractual agreement can end even without total execution of the conditions that are stipulated in the contractual agreement.

What we are trying to say here is that there is an absolute difference between the discharge and termination of a contract agreement.

The discharge and termination of a contract deal can be through: performance, fraud, breach or even agreement.

In this question we are concerned with discharge by performance. A discharge by performance occurs when the parties involved in the contractual agreement discharge their duties in the contract agreement which naturally brings the contract agreement to an end

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