impossibility of performance

Definitions

1. UK: Impossibility is generally not an excuse for performance of a contract, and the obligor is liable for damages. However, if an event (beyond the control of either party) occurs and destroys the basis of a contract, that contract is terminated.

2. US: A circumstance, condition, or fact beyond the control of the parties may excuse performance where (1) means of performance is not available (due to its deterioration or destruction), (2) new or existing legislation prevents the performance, (3) an illness or death renders it unfeasible, and/or (4) delivery or payment cannot be effected for whatever reason.

单词	impossibility of performance
释义	impossibility of performance Definitions 1. UK: Impossibility is generally not an excuse for performance of a contract, and the obligor is liable for damages. However, if an event (beyond the control of either party) occurs and destroys the basis of a contract, that contract is terminated. 2. US: A circumstance, condition, or fact beyond the control of the parties may excuse performance where (1) means of performance is not available (due to its deterioration or destruction), (2) new or existing legislation prevents the performance, (3) an illness or death renders it unfeasible, and/or (4) delivery or payment cannot be effected for whatever reason.
随便看	defective design cover defective performance defective product defective title defect opportunity defects per million opportunities (DPMO) defects per unit (DPU) defendant defended takeover bid defense mechanism defensive acquisition defensive advertising defensive interval defensive investment strategy defensive response defensive sectors defensive securities defensive stock defensive strategy defer deferral deferral type adjusting entry deferred acquisition costs (DAC) deferred air freight deferred annuity