Tract

The act of making a contract or agreement null. Contracts may be discharged by, 1, payment;—2, accord and satisfaction, 8 Com. Dig. 917; 1 Nels. Abr. 18.; 1 Lilly’s Reg. 10, 16; Hall’s Dig. 7; 1 Poth. Ob. 345;—3, Release, 8 Com. Dig. 906; 3 Nels. Ab. 69; 18 Vin. Ab. 294; 1 Vin. Abr. 192; 2 Saund. 48, a; Gow on Partn. 225, Ab. 556, Discount; Hall’s Dig. 226, 496; 7 Com. Dig. 335, Pleader, 2 G17; 1 Poth. Ob. 408;—5, The recision of the contract, 1 Com. Dig. 289, note &; 8 Com. Dig. 349; Chit. on ntr. 275;—6, Extinguishment, 7 Vin. Abr. 367; 14 Serg. & Rawle, 209, 290; 8 Com. Dig. 394; 2 Nels. Abr. 818; 18 Vin. Abr. 498 to 515; 11 Vin. Abr. 461;—7, Confusion, where the duty to pay and the right to receive unite in the same person, 8 Serg. & Rawle, 24—30; 1 Poth. 425;—8, Extinction or the loss of the subject-matter of the contract, 6 Bac. Abr. 49; 8 Com. Dig. *349; 1 Poth. Ob. 429;—9, Defeasance, 2 Saund. 47, n. note 1;-—10, The inability of one of the parties to fulfil his part, Hall’s Dig. 40;--11, The death of the contractor, as where he undertook to teach an apprentice;—12, Bankruptcy;—13, By the act of limitations;—14, By lapse of time.

Angr on Adv. enjoym. passim; 15 in. Abr. 52, $99; 2 Saund. 63, n. b; Ib. 66 n. 8; Ib. 67 n.

10; Gow on Partn. 235; 1 Poth. 443, 449; —15, By neglecting to give notice to the person charged, Chit. on Bills, 245;—16, By releasing one of two partners, sce Receipt;--17, By neglecting to sue the principal] at the request of the surety, the latter is discharged.

8 Serg. & Rawle, 110.