If a Party's Principal Purpose Is Substantially Frustrated Without His

question 40

True/False

If a party's principal purpose is substantially frustrated without his fault by the occurrence of an event whose nonoccurrence was a basic assumption on which the contract was made, the party's remaining duties to render performance are discharged, unless the party has assumed the risk.

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Definitions:

Professional Development

Ongoing training and education aimed at enhancing an individual's skills, knowledge, and competencies for career advancement.

Career Success

The achievement of personal and professional goals, often measured by advancements, satisfaction, and income over one's working life.

Ambiguous Situations

Circumstances with unclear, confusing, or uncertain elements, often leading to difficulty in decision-making.

Professional Development

Continuous learning and skill enhancement activities undertaken by individuals to improve their capabilities, performance, and career opportunities.