Events after K (just for nonperf)

Question 1

Impossibility/Impracticability

Answer 1

1. Event made perf as agreed upon implacticable/impossible 2. Nonoccurrence basic assumption of K 3. Party seeking relief not at fault 4. Agreement or circumstances do not indicate to the contrary

Question 2

Frustration of purpose (elements)

Answer 2

1. Did event substantially frustrate the principal purpose of K 2. Nonoccurrence basic assumption of K 3. Party seeking relief not at fault 4. Agreement or circumstances do not indicate to the contrary

Question 3

Force Majeure Clause

Answer 3

Parties agree to excuse performance based upon specified contingencies

Question 4

Impossibility/Impracticability (what parties assume and dont assume)

Answer 4

Parties do assume death or incapacity, govt intervention, natural disasters, wars, etc. Parties do assume market shift/financial changes.

Question 5

Impossibility/Impracticability (Important to…)

Answer 5

ID the event