Termination of the Contract and Obligation in General

Abstract

The article briefly examines the main legal issues regarding the grounds for termination of an obligation under the Georgianlaw. In addition to the performance of the obligation, the Civil Code of Georgia and the Georgian legal theory, on the basis of theGerman Civil Code and the German legal science provide other grounds for termination of the obligation, namely, novation, deposit,set-off, remission of debt, confusion, death of debtor or creditor and winding-up of a legal person, impossibility, frustration.