Examlex
When people draw conclusions about an entire group based on observations of individuals,they make a mistake called
Condition Precedent
A condition under which the obligations of a contract will begin; also called “subject-to” clause.
Frustration
Interference with a contract by some outside, unforeseen event that makes performance impossible or essentially different in nature.
Equitable Remedy
A judicial order enforcing a party to act or refrain from acting in a certain way, used when monetary compensation does not suffice to resolve a legal dispute.
Frustration Clause
A frustration clause in a contract is a provision that releases both parties from their obligations if an unforeseeable event occurs, making it impossible to fulfill the contract.
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