Search Results for: commercial impracticability

commercial impracticability

commercial impracticability 〈美〉商事合同不能履行 指合同当事人在订立合同时未能预料的,影响合同履行的情形。根据美国《统一商法典》〔U.C.C.〕,在同时满足下述三条件时,可免除任一方当事人履行合同的义务:1发生意外事件〔contingency〕;2合同因为前述事件不能履行;3前述事件为当事人于合同订立时所不能预料。 (→commercial frustration)

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impracticability

impracticability (im-prak-ti-k[schwa]-bil-[schwa]-tee).Contracts. 1. A fact or circumstance that excuses a party from performing an act, esp. a contractual duty, because (though possible) it would cause extreme and unreasonable difficulty. • For performance to be truly impracticable, the duty must become much more difficult or much more expensive to perform, and this difficulty or expense must

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frustration

frustration, n. 1. The prevention or hindering of the attainment of a goal, such as contractual performance. commercial frustration. An excuse for a party’s nonperformance because of some unforeseeable and uncontrollable circumstance. — Also termed economic frustration. [Cases: Contracts 309(1). C.J.S. Contracts §§ 520–522, 524.] self-induced frustration. A breach of contract caused by one party’s

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