- An unforeseen and uncontrollable event that renders a party to a contract unable to carry out his or her contractual duties. The nonoccurrence of the event must be a basic assumption of the parties when the contract is signed. Also known as commercial impracticability or frustration of purpose.
Business law dictionary. 2015.
Look at other dictionaries:
commercial frustration — n: frustration Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. commercial frustration … Law dictionary
commercial frustration — An event which excuses nonperformance of a contract because it substantially frustrates the objects contemplated by the parties when they made the contract; an event which robs the contract of a foundation. 17 Am J2d Contr § 401. A prime example… … Ballentine's law dictionary
commercial frustration — Excuse of party from performance if contract depends on existence of given person or thing and such person or thing perishes, and if contract is rendered impossible by act of God, the law, or other party. Wood v. Bartolino, 48 N.M. 175, 146 P.2d… … Black's 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 — 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
commercial — com·mer·cial adj: of or relating to commerce commercial regulations com·mer·cial·ly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. commercial … Law dictionary
Frustration of purpose — Contract law Part … Wikipedia
frustration — The prevention of accomplishment of purpose. See commercial frustration; frustrated expectations … Ballentine's law dictionary
frustration of contract — See commercial frustration … Ballentine's law dictionary
commercial impracticable — Words which depict a situation involved in the performance of a contract which could not have been within the contemplation of the parties at the time the contract was made. Naylor, B. & Co. v Krainische Industrie Gesellschaft (Eng) 118 LT NS 442 … Ballentine's law dictionary