Accounting dictionary. 2014.
frustration of contract — ➔ contract1 * * * frustration of contract UK US noun [U] LAW ► a situation in which a contract ends unexpectedly because of illness, an accident, a change in the law, etc.: »This employee s employment came to an end due to frustration of contract … Financial and business terms
frustration of contract — The termination of a contract as a result of an unforeseen event that makes its performance impossible or illegal. A contract to sell an aircraft could be frustrated if it crashed before the contract was due to be implemented. Similarly an export … Big dictionary of business and management
frustration of contract — This doctrine provides, generally, that where existence of a specific thing is, either by terms of contract or in contemplation of parties, necessary for performance of a promise in the contract, duty to perform promise is discharged if thing is… … Black's law dictionary
frustration of contract — This doctrine provides, generally, that where existence of a specific thing is, either by terms of contract or in contemplation of parties, necessary for performance of a promise in the contract, duty to perform promise is discharged if thing is… … Black's law dictionary
frustration of contract — See commercial frustration … Ballentine'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 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 of purpose — Contract law Part … Wikipedia
Contract — law … Wikipedia
Contract of sale — Contract law Part … Wikipedia
