frustration Flashcards
(3 cards)
1
Q
definition
A
contract becomes impossible to perform due to frustrations event outside parties control
2
Q
grounds of frustration
A
1) impossibility of performance (taylor v caldwell)
2)subsequent illegality (denny mott)
3)radical change (krell henry)
3
Q
counter arguments
A
self induced
contract becomes less profitable
foreseeable risk
