Explanation:

- Discharged (Option 1)

- A contract is considered discharged when all obligations under the contract are completed, or it is terminated by mutual agreement or other legal reasons.

- Correct Answer

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- Performed (Option 2)

- A contract is performed when the parties fulfill their obligations as agreed.

- While related, "performed" emphasizes execution rather than the end of obligations.

- Obliged (Option 3)

- This refers to a party's duty to fulfill contractual promises.

- It describes the obligations under a contract rather than its end.

- Rescinded (Option 4)

- A contract is rescinded when it is canceled or annulled, usually due to mutual agreement or legal grounds.

- It implies a reversal rather than a completion of a contract.