Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If an unforeseen event occurs after a contract has been made that makes one of the parties performance under the contract prohibitively more experience than

If an unforeseen event occurs after a contract has been made that makes one of the parties performance under the contract prohibitively more experience than was contemplated when the contract was made: the party whose performance is now more expensive still has to perform the obligations under the contract or the party's obligation to perform under the contract can be cancelled under the doctrine of commercial impracticability or the parties to the contract will have to renegotiate the terms of the contract or the contract is automatically breached

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Business Law

Authors: Jeffrey F. Beatty, Susan S. Samuelson

5th edition

128586039X, 978-1305445840, 1305445848, 978-1285860398

More Books

Students also viewed these Law questions

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago