Commercial Frustration and Temporary Frustration Law and Legal Definition
Frustration is something that prevents the attainment of a goal. In contract law it is also termed as frustration of purpose. Commercial frustration and temporary frustration are types of frustration in contract law.
Commercial frustration means unforeseeable and uncontrollable circumstances that prevent performance of a contract. It is an excuse for a party’s non performance of contract due to some unforeseeable and uncontrollable circumstances. This circumstance allows the frustrated party to rescind the contract without penalty.
Temporary frustration is an event that prevents performance of a contract and legally suspends the duty to perform for the duration of the event. In temporary frustration the duty may be discharged if the circumstances are substantially different after the event.
Legal Definition list
- Commercial Forest Land
- Commercial Fishing Operation ( Bankruptcy)
- Commercial Fishing Operation
- Commercial Fishing [Wildlife and Fisheries]
- Commercial Field (Oil and Gas)
- Commercial Frustration and Temporary Frustration
- Commercial General Liability Coverage
- Commercial Insurance
- Commercial Invoice
- Commercial Item
- Commercial Laboratory [Agriculture]
Related Legal Terms
- 21st Century Nanotechnology Research and Development Act of 2003
- 3-A Sanitary Standards and Accepted Practice
- 3-Way Incandescent Lamp
- 480th Intelligence, Surveillance and Reconnaissance Wing
- 70th Intelligence, Surveillance and Reconnaissance Wing
- A Commercial Trade
- Abandon
- Abandon [Shipping]
- Abandoned Infant
- Abandoned Mark
