Assertion: contract | /r/HasProperty | frustrated
Facets:
Source sentences:
text: The legal consequence of a contract which is found to have been frustrated is that the contract is automatically terminated at the point of frustration.
text: When will a contract be frustrated?
text: A contract will not be found to be frustrated where one party strikes a bad bargain or faces hardship, inconvenience or material loss.
text: If parties to a contract can seriously foresee the occurrence of an event or events but make no provision for it in the contract, and then seek to rely upon the event as frustrating the contract, it may be inferred that the parties accepted the risk of the occurrence of the event and the contract not being found to have been frustrated.
text: Notwithstanding that frustration of contract is difficult to establish, drafting contracts broadly enough to apply to new situations or circumstances can assist parties seeking to avoid a contract being found to be frustrated.
text: To avoid a contract being found to have been frustrated, parties should apportion risks, as far as possible.
text: The High Court held that the contract had been frustrated.
text: AC 32, the House of Lords held that a party that had pre-paid 1000 pounds could recover it after the contract had been frustrated because the other party had failed to perform any of the contract.
text: Further, a party that performs work after a contract has been frustrated may also be able to recover restitution.