Asked by Leston Alexis on May 06, 2024
Verified
The frustration of purpose doctrine applies when a party to a contract expresses or clearly implies an intention not to perform to contract,even before being required to act.
Frustration of Purpose
A legal defense allowing parties to terminate a contract when an unforeseen event undermines the contract's principal purpose, rendering it impossible to fulfill.
Doctrine
A belief or set of beliefs held and taught by a church, political party, or other group.
Intention
A psychological state involving a commitment or determination to carry out a specific action or achieve a specific outcome.
- Grasp the legal principles governing the concepts of anticipatory breach and frustration of purpose.
Verified Answer
SS
Simona SandersMay 12, 2024
Final Answer :
False
Explanation :
The frustration of purpose doctrine applies when an unforeseen event undermines a party's principal purpose for entering into a contract, through no fault of their own, and not because a party refuses to perform their contractual obligations.
Learning Objectives
- Grasp the legal principles governing the concepts of anticipatory breach and frustration of purpose.