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frustration of purpose
(redirected from Frustration of contract)

    Also found in: Wikipedia 0.01 sec.

frustration of purpose n. sometimes called commercial frustration, when unexpected events arise which make a contract impossible to be performed, entitling the frustrated party to rescind the contract without paying damages. Example: Jack Appleseller contracts to buy a commercial building to rent out, and, while the sale is pending, the building is condemned by the city as unsafe for any use. Mr. Appleseller can back out of the purchase without obligation.
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Last night Amicus member Dave Reay, of Killingworth, North Tyneside, who has worked at the factory for 26 years, said: "At today's meetings, the company defended its position on frustration of contract but Mr Scott says there is scope for additional payments through the insurance.
Angry workers given hope of pay-offs by The Journal (Newcastle, England)
The management have told us today that because of something called frustration of contract we are not entitled to it.
Fury as fire factory staff denied payout as jobs go by The Journal (Newcastle, England)
The management have told us today that because of something called frustration of contract we are not entitled to it.
500 facing jobs axe by The Journal (Newcastle, England)
 
 
 
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