The Doctrine of Frustration Is Invoked When

question 62

Multiple Choice

The doctrine of frustration is invoked when

• A) the court makes a declaration to that effect.
• B) the contracting parties are unable to reach an agreement and are forced to abandon negotiations.
• C) the contracting parties are both mistaken about some previously known fact in a manner that prevents them from carrying out their obligations pursuant to the contract.
• D) the contracting parties are both mistaken about some future set of circumstances that prevents them from carrying out their obligations pursuant to their contract.
• E) the contracting parties agree on a purchase price for a particular good and the purchasing party fails to pay.

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Definitions:

Chain Communication

A structured form of communication that follows a hierarchical pattern, typically flowing from top to bottom within an organization.

Team Members

Individuals who are part of a group collaborating towards a common goal, each contributing with their skills and efforts.

Intensively Work

The act of working with extreme focus and effort over a short period to achieve high levels of productivity.

Monopoly Price

The price set by a monopolist, who has exclusive control over the supply of a good or service and can manipulate prices to maximize profits.