What is the effect of a frustrating event upon the obligations of the parties to a contract?
A)The contract becomes voidable by either party,and until one of the parties voids the contract it is valid and enforceable.
B)The contract is void from the frustrating event and any obligations arising before the frustrating event must still be fulfilled.
C)The contract is void ab initio ('from the beginning'),the parties are to be restored to their original positions,and any payments already made refunded to the payer.
D)Each party is still obliged to fulfil their obligations under the contract as if the frustrating event had not occurred.

Question

Quizplus · Accepted Answer

When a frustrating event occurs, the contract is considered void from that point forward. However, any obligations that arose before the frustrating event must still be fulfilled by the parties involved. This means that the parties must still perform any actions required of them by the contract up until the point of frustration.

What Is the Effect of a Frustrating Event Upon the Obligations