Discharge of Contract, Types/Modes. Part - 1 , a. By Performance b.By Mutual Agreement

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Remission and material alterations are same ah mam and rescission and waiver orae mathiri iruku mam

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Remission
Apdina lessor (owner) lessee kudukra amount ta accept panikivaga contract pota amount vida kammiya kuduthalum. Eg A (lessor) 5000 vaaganum
B(Lesee) 5000 kudukanum A ku
But A 2000 vagraga B kita.
Adhoda contract finish aaydudhu
Balance amount vendam nu A mudivupani viturvaga mutual consent la
Recission
Here, Recind apdina cancel
While novation result in a new contract in place of old one.
Adhavadhu recession is the cancellation of orginal contract.
1st pota contract ta renduperum pesi cancel panitu adhuku badhila new contract potukuvaga
A person can cancel or terminate (mudivuku konduvarathu - Coming to an end) the contract by mutual consent (renduperum pesi othukutu contract ta cancel panidradhu)
Waiver
Abandonment of a right
A car repair pani tharen soltu B kitta apro A repair pani kudukala.
A avagaloda dutyla panama vitathunala adhavadhu car repair pani tharen soltu panadhadhunala contract Terminate adhavadhu cancel aaydum adhukana tjme period finish aanadhum
Material alteration
Contract pottathuku apro if any one party (renduperla yarachu 1 person) want to change or modify certain terms of contract. Alteration renduperum othukuta mattume panlam..
Eg: Date change, place change

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@@ChessMaster8373 cleara understand aagudha.. ellame onu ila.. ellaame chinna chinna vithyasam irukum.. understd ah?

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@@StudyRiderz ok mam clear ah tha iruku but athu mattum tha doubt ah irunthichi mam. Ippa clear mam

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Mam shall I read it for commercial law

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