A defense against enforcement of a contract, in the event that the purpose behind one of the parties entering into the contract is eliminated by unforeseen events. Also called frustration of purpose, this defense applies only when both parties knew of the purpose behind the canceling party's involvement in the contract.
Related information about commercial frustration:
- commercial frustration - Legal Dictionary | Law.com
commercial frustration. n. an unforeseen uncontrollable event which occurs after a written or oral contract is entered into between parties, and makes it ...
- Frustration of purpose - Wikipedia, the free encyclopedia
This concept is also called commercial frustration. For example, if Joe gets a mortgage for a new home, and, after three years, the house is destroyed, for ...
- Commercial frustration - Legal Dictionary - The Free Dictionary
commercial frustration n. when after a written or oral contract is entered into between parties, some unforeseen uncontrollable event occurs, which makes it ...
- Commercial Frustration | Nolo's Free Dictionary of Law Terms and ...
An unforeseen and uncontrollable event that excuses a party to a contract from performing his or her duties under that contract. For example, a landlord can ...
- commercial frustration | LII / Legal Information Institute
An unforeseen and uncontrollable event that excuses a party to a contract from performing his or her duties under that contract. For example, a landlord can ...
- What is commercial frustration? - BusinessDictionary.com
Definition of commercial frustration: An event not foreseen or controllable by either party to a written or oral contract that excuses one party from performance of ...
- What is commercial frustration? - InvestorWords.com
Definition of commercial frustration: A defense against enforcement of a contract, in the event that the purpose behind one of the parties entering into the contract ...
- commercial frustration - Business Definition
commercial frustration definition: An uncontrollable event that makes it impossible to satisfy the terms of an existing contract. For example, inventory scheduled ...