When a lapse of time and a change in circumstances make it substantially more burdensome for the parties to perform, a contract is discharged.

Question

Quizplus · Accepted Answer

This situation is referred to as frustration of purpose or impossibility of performance, where unforeseen events significantly alter the circumstances of a contract, making it unjust to hold the parties to their original obligations.

When a Lapse of Time and a Change in Circumstances