Assertion: frustration | /r/CapableOf | take place
Facets:
Source sentences:
text: Frustration of purpose pertains to the law of contracts, and takes place when unexpected circumstances undermine the purpose of the contract.
text: Only if its effect is to change fundamentally the conditions of the contract, and to make performance radically different from what the parties had agreed, will frustration take place.
text: Frustration of a contract takes place when there supervenes an event (without default of either party and for which the contract makes no sufficient provision) which so significantly changes that nature (not merely the expense or onerousness) of the outstanding contractual rights and/or obligations from what the parties could reasonably have contemplated at the time of its execution that it would be unjust to hold them to the literal sense of its stipulations in the new circumstances ; in such case the law declares both parties to be discharged from further performance.