The correct answer is: B. coming to end of obligations of parties.
A contract is a legally binding agreement between two or more parties. Once a contract is formed, the parties are obligated to fulfill their respective promises. This is known as the “obligations of the parties.” The discharge of a contract occurs when these obligations come to an end.
There are a number of ways in which a contract can be discharged. One way is by performance. When the parties have fully performed their promises, the contract is discharged. Another way is by breach. If one party fails to perform its obligations, the other party may be able to terminate the contract. A contract may also be discharged by agreement of
the parties.In some cases, a contract may be discharged by operation of law. For example, if a contract becomes impossible to perform, it will be discharged. Additionally, if a contract is illegal, it will be void and unenforceable.
The discharge of a contract can have a number of consequences. For example, if a contract is discharged by breach, the non-breaching party may be able to sue for damages. Additionally, if a contract is discharged by agreement of the parties, the parties may be required to return any consideration that they have exchanged.
I have also explained each option in brief below:
A. Enforcement of obligations of parties: This is not the discharge of a contract. Enforcement of obligations is the process of ensuring that the parties to a contract fulfill their promises. This can be done through the courts, or through other means, such as arbitration.
B. Coming to end of obligations of parties: This is the correct answer. The discharge of a contract occurs when the obligations of the parties come to an end.
C. Starting of obligation: This is not the discharge of a contract. The starting of an obligation is the beginning of the performance of a contract. This occurs when the parties begin to fulfill their promises.
D. Payment of carriages and penalty: This is not
the discharge of a contract. Payment of carriages and penalty is a type of damages that may be awarded to a party in a breach of contract case.