Frustration

Question 1

doctrine of frustration

Answer 1

due to a subsequnet change of circumstances, the contract is rendered impossible to perform, or it has become deprived of it’s commercial purpose by an event

Question 2

significance

Answer 2

1. there is a need to decide whether the chnage in circumstances would make performance radically different
2. the parties may have expressly provided for impossibility in perfromance

Question 3

by impossibility - destruction of the subject matter

Answer 3

Taylor v Caldwell - it is impossible for the contract to take place due to the hall unexpectedly being burnt down

Question 4

unavailability of the subject matter

Answer 4

The neema - 7 voyages were planned between april and december but due to strikes took longer than expected

Question 5

delays and interruption

Answer 5

does not always amount to frustration - a building job taking longer and costing more than expected