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Discharge By Mutual Consent Or Agreement

The Indian Supreme Court held that this circumstance was fully covered by section 63 of the Contracts Act. This is true when a breakdown of the agreement has occurred and the “honest party” has a choice between two voting rights or remedies. As a general rule, renunciation of race occurs when the agreement contains an explicit right or alternative to terminate or cancel it in certain circumstances, or when a meeting presents a genuine breach giving the “innocent” party the privilege of immediately terminating the agreement. In such cases, the “honest” party can either terminate the agreement immediately or waive the breach and continue the agreement. In the particular case, a memorandum of understanding on the sale of land was paid with the claimant, under which he was paid in advance in 2000. .