Examlex
International business includes all commercial transactions between two or more countries.
Contractual Capacity
This term refers to the ability of a party to legally enter into a contract, often requiring them to be of a certain age and have a sound mind.
Objective Impossibility
Objective impossibility occurs when it is not feasible to perform an act or fulfill a contract due to external factors, rendering the act or contract physically or legally impossible to complete.
Commercial Impracticability
A doctrine in contract law allowing parties to be discharged from their obligations when unforeseen events greatly increase the difficulty of performance.
Frustration of Purpose
A legal doctrine allowing for the termination of a contract when an unforeseen event undermines the contract's core purpose, making its performance impossible or radically different.
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