frustration of contract

frustration of contract
See commercial frustration.

Ballentine's law dictionary. . 1998.

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  • frustration of contract — ➔ contract1 * * * frustration of contract UK US noun [U] LAW ► a situation in which a contract ends unexpectedly because of illness, an accident, a change in the law, etc.: »This employee s employment came to an end due to frustration of contract …   Financial and business terms

  • frustration of contract — The termination of a contract as a result of an unforeseen event that makes its performance impossible or illegal. A contract to sell an aircraft could be frustrated if it crashed before the contract was due to be implemented. Similarly an export …   Accounting dictionary

  • frustration of contract — The termination of a contract as a result of an unforeseen event that makes its performance impossible or illegal. A contract to sell an aircraft could be frustrated if it crashed before the contract was due to be implemented. Similarly an export …   Big dictionary of business and management

  • frustration of contract — This doctrine provides, generally, that where existence of a specific thing is, either by terms of contract or in contemplation of parties, necessary for performance of a promise in the contract, duty to perform promise is discharged if thing is… …   Black's law dictionary

  • frustration of contract — This doctrine provides, generally, that where existence of a specific thing is, either by terms of contract or in contemplation of parties, necessary for performance of a promise in the contract, duty to perform promise is discharged if thing is… …   Black's law dictionary

  • frustration — frus·tra·tion /ˌfrəs trā shən/ n 1 a: the act of frustrating b: the state or an instance of being frustrated c: something that frustrates 2: a common law doctrine of contract law: parties to a contract may be excused from performance even though… …   Law dictionary

  • frustration of purpose — n. A situation that arises when a condition that was part of a contract does not occur, through no fault of either party, but the condition was the reason for one party entering the contract in the first place; can be cause for terminating the… …   Law dictionary

  • Frustration of purpose — Contract law Part …   Wikipedia

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  • Contract of sale — Contract law Part …   Wikipedia

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