commercial frustration
Definition
An event not foreseen or controllable by either party to a written or oral contract that excuses one party from performance of his or her duties under the contract without penalty. For example, a reception hall can break a contract to host a wedding reception if the hall is accidentally destroyed by fire.
Related Articles
- Principles of Investing *
- Categories of Stocks *
- Budgeting and Saving, The Age-Old Dilemma *
- "Buy Strangle" Option Investment Strategy *
- Options: How Pricing and Value Are Determined *
- Introduction to Bonds *
- The FOMC and its Impact on Monetary Policy *
- The Impact of International Economics *
Related Videos
http://www.businessdictionary.com/definition/commercial-frustration.html
