If neither party has performed its obligations under a contract when a frustrating event occurs,they are both left where they were before the contract was formed.

Question

Quizplus · Accepted Answer

When a frustrating event occurs, it renders the performance of the contract impossible or radically different from what was agreed upon, effectively discharging both parties from their obligations. This means they are left in their original positions before the contract was formed, as the contract is considered void due to the unforeseen event.

If Neither Party Has Performed Its Obligations Under a Contract