If a party's principal purpose is substantially frustrated without his fault by the occurrence of an event whose nonoccurrence was a basic assumption on which the contract was made, the party's remaining duties to render performance are discharged, unless the party has assumed the risk.

Question

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This statement reflects the legal doctrine of frustration of purpose, which allows for the discharge of contractual duties when unforeseen events fundamentally alter the circumstances of the contract in a way that defeats the contract's original reason for being, provided that the affected party did not assume the risk of the event occurring.

If a Party's Principal Purpose Is Substantially Frustrated Without His