Wee Ones Safety Ltd.manufactures child car carriers and has agreed to provide 2000 statutorily compliant car seats to a department store chain.If the government changes the regulations and Wee Ones' production costs rise accordingly,what is the legal position of Wee Ones in its contract with the chain?
A) The doctrine of frustration holds that the terms of a contract are settled at the time of acceptance and Wee Ones will have to comply with its original contract terms.
B) The doctrine of frustration is a reliable avenue of escape for Wee Ones.
C) The doctrine of frustration will allow Wee Ones to modify its contract to incorporate the regulatory changes and its increased production costs.
D) The doctrine of frustration will not apply unless the parties have specifically referenced it in their contract.
Correct Answer:
Verified
Q22: What would a negotiator most likely caution
Q23: What is the legal term given to
Q24: What is the legal effect of a
Q25: What is meant by the term "contractual
Q26: In what manner could you reasonably expect
Q28: ABC Electrical Inc.has a contract with a
Q29: Why would a businessperson use contractual terms
Q30: What principle could you reasonably expect Canadian
Q31: Kramer and Biff entered into a formal
Q32: Under the UEEA,which of the following would
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents