The Doctrine of Frustration

question 2

Multiple Choice

The doctrine of frustration

• A)if not applied,discharges the plaintiff from her or his contractual obligations.
• B)can be applied in cases where the subject matter did not exist at the time of the agreement.
• C)only applies where there is a Frustrated Contracts Act.
• D)is a practical and reasonable solution to be imposed by a court under extreme circumstances that were not contemplated by the contracting parties.
• E)could be applied successfully as a defence in a case where honouring contractual obligations would bring hardship upon the promisor.

---

Definitions:

Surplus Quantity

The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific price.

Newsvendor Model

A mathematical model used in operations management and economics to determine optimal inventory levels for perishable or single-period products, balancing the costs of inventory shortage and overage.

Customer Arrivals

The frequency or rate at which customers enter a system, store, or facility.

Toretto Car Rentals

A fictional or possibly niche business entity specializing in the rental of vehicles, presumably named after a character from a popular movie franchise.