Examlex
Transnational corporations (TNCs) differ from multinational corporations (MNCs) in that
Frustrated Contract
A contract that, through no fault of either party, is rendered incapable of being performed due to an unforeseen event, leading to the contract being void and freeing all parties from their obligations.
Torrential Rains
Intense, heavy rainfall in a short period of time, often leading to flooding.
Doctrine of Frustration
A legal principle that excuses parties from fulfilling contract obligations due to unforeseen circumstances rendering the contract impossible, illegal, or radically different.
Serious Traffic Accident
A vehicular accident that results in significant damage, injuries, or fatalities.
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