Legal Excuses for Breach Flashcards

(3 cards)

1
Q

Rule for Legal Excuses

A

The occurrence of changed circumstances may make a contract impossible or impracticable to perform or may frustrate the purpose of the contract. Where the non-occurrence of an event was a basic assumption of the parties in making the contract and neither party has assumed the risk of the event occurring, contractual duties may be excused.

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2
Q

UCC Legal Excuses

A

2-613 Casualty to identified goods
2-614 substituted performance
2-615 Impracticability

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3
Q

Common Law legal excuses

A

Impossibility (death, act of God, Illegal)
Impracticability ( heavy burden not assumed at signing of contract to complete
Frustration of purpose (core principle to contract gone)

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