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FRUSTRATED CONTRACT [6 records]

Record 1 2016-01-19

English

Subject field(s)
  • PAJLO
  • Law of Contracts (common law)
OBS

A frustrated contract is a contract that, subsequent to its formation, and without fault of either party, is incapable of being performed due to an unforeseen event(or events), resulting in the obligations under the contract being radically different from those contemplated by the parties to the contract.

French

Domaine(s)
  • PAJLO
  • Droit des contrats (common law)
OBS

contrat inexécutable : terme normalisé par le Comité de normalisation, Promotion de l'accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 1

Record 2 2016-01-19

English

Subject field(s)
  • PAJLO
  • Law of Contracts (common law)
CONT

The ship could have been sent in due course, but by the time it was ready and available the original purpose of the intended charter-party could not be fulfilled. Therefore, there was "practical" impossibility, or "frustration", even though there was no physical impossibility... The commercial purpose of the original contract has been frustrated; to go on when the delaying act or event has concluded its effects would be to bind the parties by a new contract, in new and different circumstances.

OBS

The current trend in the United States is to abandon the very word "impossible" and "impossibility" and to use instead the terms "impracticable" and "impracticability". This change seems, morever, to be intended to widen the scope of the doctrine of discharge by supervening events.

OBS

From the standpoint of the performing party.

French

Domaine(s)
  • PAJLO
  • Droit des contrats (common law)
CONT

[...] la résolution du contrat a pour effet de l'anéantir et de remettre les parties en l'état où elles se trouvaient antérieurement sous la seule réserve de l'impossibilité pratique [...]

OBS

Du point de vue du prestataire.

OBS

impossibilité pratique : terme normalisé par le Comité de normalisation, Promotion de l'accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 2

Record 3 2016-01-19

English

Subject field(s)
  • PAJLO
  • Law of Contracts (common law)
CONT

Where an event or circumstances, completely unforeseen, makes it impossible for the contract to be completed, then the contract is frustrated. Funds paid are recoverable and funds due for payment do not have to be paid. Such events as sickness, war, third party interference, legislation will have the effect of frustrating a contract. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

French

Domaine(s)
  • PAJLO
  • Droit des contrats (common law)
OBS

inexécutabilité : terme normalisé par le Comité de normalisation, Promotion de l'acès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 3

Record 4 2015-11-16

English

Subject field(s)
  • General Vocabulary
CONT

A contract may be frustrated by supervening illegality resulting from the war-time prohibition against trading with the enemy, in spite of the fact that the war was a foreseeable event.

French

Domaine(s)
  • Vocabulaire général
CONT

La loi, dans la définition qu'elle donne du cas fortuit, requiert que le débiteur n'ai pas «prévu» l'événement. Au contraire, la jurisprudence, reprenant en cela les données de la doctrine classique, demande au débiteur de démontrer non seulement qu'il n'a pas effectivement prévu l'événement mais encore que celui-ci n'était pas normalement «prévisible».

OBS

évènement : Cette graphie, puisée des Rectifications de l'orthographe recommandées par le Conseil supérieur de la langue française, est attestée dans le Petit Robert (2004).

Spanish

Save record 4

Record 5 2015-10-23

English

Subject field(s)
  • Law of Contracts (common law)
OBS

Though the doctrine of frustration was first introduced into English law to cover situations where the physical subject-matter of the contract had perished..., it was quickly extended to cases where, without any such physical destruction, the commercial adventure envisaged by the parties was frustrated.

OBS

"Frustration of the common venture" first appeared in 1874 ...

French

Domaine(s)
  • Droit des contrats (common law)

Spanish

Save record 5

Record 6 1994-07-13

English

Subject field(s)
  • Foreign Trade
  • Loans
CONT

You already know the export risks : the risk of not being paid by a foreign buyer; the risk of losing control of your foreign investment; the risk of having an export contract frustrated after you’ve produced the goods but before you can ship them; and the risk of having a call on a bid or performance guarantee posted on your behalf.

French

Domaine(s)
  • Commerce extérieur
  • Prêts et emprunts
CONT

Vous savez déjà quels sont les risques à l'exportation : le risque de ne pas être payé par un acheteur étranger; le risque de perdre le contrôle de vos investissements à l'étranger; le risque de voir annuler un contrat à l'exportation après avoir produit les biens, mais avant de les avoir expédiés; le risque d'appel d'une garantie de soumission ou de bonne fin.

Spanish

Save record 6

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