Lack of financial ability, if proven, will establish frustration.

Name: Lack of financial ability, if proven, will establish frustration.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

Lack of financial ability does not typically constitute a legal basis for the doctrine of frustration. Frustration applies when an unforeseen event fundamentally changes the nature of a contractual obligation, making it impossible to perform, not merely more difficult or expensive.

Lack of Financial Ability, If Proven, Will Establish Frustration