Since Any Possible Frustrating Event Can Be Made a Term

question 57

Essay

Since any possible frustrating event can be made a term of the contract,why do we need the doctrine of frustration?

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Definitions:

Credits

Entries that increase liabilities or equity accounts, or decrease asset or expense accounts in accounting.

Wages Payable

An account that records the amounts owed to employees for work that has been performed but has not yet been paid.

Wages Expense

The total cost incurred by a company for paying hourly-based employee salaries.

Adalat

A brand name for Nifedipine, a medication used to treat high blood pressure and chest pain associated with angina.