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Why Should the Doctrine of Commercial Impracticability Be Applied to Release

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Essay

Why should the doctrine of commercial impracticability be applied to release a party from duties under a contract when it is still possible for the contract to be performed?


Definitions:

Industry Output

The total production or quantity of goods and services produced within a specific industry over a given period.

Top Firms

The leading or most successful companies in a particular industry or sector based on criteria like revenue, innovation, market share, or profitability.

Monopolistic Industry

An industry dominated by a single firm that has control over the market prices and production.

Unique Product

A product that has distinct features or attributes making it different from others in the market.

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