Hi, I need help with the issue, law, application and conclusion part of this question. Apparently, the law in this case is "frustration on contract"? I need help to elaborate on that. So, state the relevant legal principles, mainly from leading or precedence cases and /or common law if applicable.

I have highlighted what roughly needs to be done in the application area too. Help to reach a conclusion on what the court would decide would also be great. Thank you in advance.

QUESTION 7 Moonlight Clams Ltd is a small shing company which supplies clams to wholesalers and retailers. Moonlight Clams has a contract with Sunshine Seafoods Ltd, a seafood exporter which specialises in selling clams to Italy. Moonlight Clams sourced most of their clams from the top of the NZ South Island region, and had several business partnerships which helped them to source top quality clams at the best prices. However, the 2020 season has seen an outbreak of algae bloom, which happens every now and then and the clams were unable to be harvested. Moonlight Clams was unable to get the clams from their suppliers in the top of the South Island as previously. They desperately tried to get clams from other regions, but found it was only possible to source the same quality clams from other regions by paying much higher prices. Moonlight Clams wants to cancel its supply contract with Sunshine Seafoods due to the algae bloom, but Sunshine Seafoods believes that Moonlight Clams is obliged to supply the clams according to the terms of the original agreement. FACTS: - Moonlight Clams has a contract with exporter, Sunshine Seafoods Ltd. Their clams are sourced from the South Island alongside business partnerships to source high quality clams at reasonable prices. An outbreak of algae in 2020 put a halt on harvesting. Moonlight Clams now cannot get their Clams from Sunshine Seafoods, nor nd alternatives elsewhere to their satisfaction. An agreement dispute has unfolded in relation to contract and supply. LAW: Frustration of contract APPLICATION: Apply the legal principles you have identied in the \"Lani\" section above to the facts ofthe situation in the problem. You should determine which ofthe facts are similar to those in previous cases {i.e. within the ratio WM a previous decision) and which can be distinguished from previous cases due to differences in the facts. 1 mark given for an \"obiter dicta\" from a real or constructed C358