frustration of purpose

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 contract.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


frustration of purpose
Category: Bankruptcy, Foreclosure & Debt
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.

frustration of purpose
n.
   sometimes called commercial frustration, when unexpected events arise which make a contract impossible to be performed, entitling the frustrated party to rescind the contract without paying damages. Example: Jack Appleseller contracts to buy a commercial building to rent out, and, while the sale is pending, the building is condemned by the city as unsafe for any use. Mr. Appleseller can back out of the purchase without obligation.
   See also: commercial frustration

Law dictionary. . 2013.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

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  • frustration of purpose doctrine — A court created doctrine under which a party to a contract will be relieved of his or her duty to perform when the objective purpose for performance no longer exists (due to reasons beyond that party s control). This doctrine excuses a promisor… …   Black's law dictionary

  • frustration of purpose doctrine — A court created doctrine under which a party to a contract will be relieved of his or her duty to perform when the objective purpose for performance no longer exists (due to reasons beyond that party s control). This doctrine excuses a promisor… …   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 — The prevention of accomplishment of purpose. See commercial frustration; frustrated expectations …   Ballentine's law dictionary

  • commercial frustration — n: frustration Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. commercial frustration …   Law dictionary

  • commercial frustration —    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… …   Business law dictionary

  • cross-purpose — /kraws perr peuhs, kros /, n. 1. an opposing or contrary purpose. 2. at cross purposes, in a way that involves or produces mutual misunderstanding or frustration, usually unintentionally. [1660 70] * * * …   Universalium

  • Coronation cases — Main article: Frustration in English law The Coronation cases were a group of appellate opinions in English law cases, all arising out of contracts that had been made for accommodation for viewing the celebrations surrounding the coronation of… …   Wikipedia

  • Contract — law …   Wikipedia

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