Question
If an unforeseen event occurs after a contract has been made that makes one of the party's performance under the contract prohibitively more expensive than
- the party whose performance is now more expensive still has to perform their obligations under the contract.
- that party's obligation to perform under the contract can be cancelled under the doctrine of commercial impracticability.
- the parties to the contract will have to renegotiate the terms of the contract.
- the contract is automatically breached.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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