The purpose of the Frustrated Contracts Acts of NSW and S.A.is to:
A)Imply terms into the contract to govern the circumstances which have occurred.
B)Abolish the doctrine of frustration.
C)Adjust the rights of the parties so that there will be a fairer outcome.
D)Render all contracts enforceable despite the occurrence of a frustrating event.

Question

Quizplus · Accepted Answer

The purpose of the Frustrated Contracts Acts of NSW and S.A. is to adjust the rights of the parties so that there will be a fairer outcome when a frustrating event occurs that makes performance of the contract impossible or radically different from what was originally agreed upon. The Acts aim to prevent one party from benefiting unfairly at the expense of the other due to an unforeseeable event outside of their control. They do not imply terms into the contract, abolish the doctrine of frustration, or render all contracts enforceable despite frustrating events.

The Purpose of the Frustrated Contracts Acts of NSW and S.A.is