Which of the Following Is True Regarding the Consequences of Frustration

question 3

Multiple Choice

Which of the following is true regarding the consequences of frustration under the Law Reform (Frustrated Contracts) Act 1943?

• A) Parties can recover money paid before the frustrating event (even where there has been performance of a part of the consideration), as well as non-monetary benefits conferred.
• B) The contract is invalidated from the start.
• C) It is necessary to show that the consideration has totally failed before parties can recover money paid before the frustrating event.
• D) The parties can only recover monetary benefits conferred to the other party prior to the frustrating event.

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Definitions:

Supply-Chain Strategy

The planning and execution of all logistics and operations management processes to efficiently align production, distribution, and inventory.

Low-Cost

Referring to products, services, or strategies that require minimal financial outlay while aiming to maintain acceptable or competitive quality and performance.

Differentiation

A strategy aimed at producing unique and distinguishable products or services to gain a competitive edge in the market.

Integration

The process of combining or coordinating separate parts or elements to function together as a unified whole.