an unforeseen uncontrollable event which occurs after a written or oral contract
is entered into between parties, and makes it impossible for one of the parties
to fulfill his/her duties under the contract. This circumstance allows the frustrated
party to rescind the contract without penalty. Such frustration (called frustration
of purpose) could include the destruction by fire of the goods to be purchased,
the denial of a permit to construct a building by a potential buyer, or denial of
an application for a zoning variance to allow expansion by a contractor.
See also contract frustration of purpose impossibility
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