_____ comes into play when circumstances make the value of one party's performance virtually worthless to the other.

Question

Quizplus · Accepted Answer

Frustration of purpose occurs when unforeseen circumstances arise that make the purpose of the contract impossible to achieve or deprive one party of the value they expected to receive from the contract. It differs from impossibility and impracticability in that the actual performance is still possible, but the value or purpose of the contract is destroyed. Termination and cancellation are options for ending a contract, but they do not address the issue of performance becoming worthless.

_____ Comes into Play When Circumstances Make the Value of One