EFFECT OF LATER UNFORESEEN EVENT Flashcards
1
Q
Effect of Later Unforeseen Event:
Impossibility
A
Performance can’t be done (damage, destruction, death, subsequent law or regulation).
2
Q
Effect of Later Unforeseen Event:
Impracticability
A
Can’t be done without extreme and unreasonable difficulty or expense.
Increase in seller cost rarely an excuse.
3
Q
Effect of Later Unforeseen Event:
Frustration of Purpose
A
Unforeseeable supervening event destroys K purpose.