Рет қаралды 532
Generally, contractual promises must be performed. But performance can be "excused" under certain circumstances. Frustration of purpose is an excuse whereby the purchaser of a good or service does not have to go through with that purchase because the purpose of purchasing that good or service has been "substantially frustrated." This video explains the black-letter law of that doctrine, and it illustrates how the doctrine works through two cases: Krell v. Henry and Adbar v. New Beginnings.
CONTENTS
1:05 Origins of the Frustration of Purpose Doctrine - Krell v. Henry, 2 KB 740 (1903)
3:32 Conclusions on Krell v. Henry
5:10 Modern doctrine of Discharge by Supervening Frustration - Restatement (Second) of Contract § 265
9:45 Adbar, L.C. v. New Beginnings C-Star, 103 S.W.3d 799 (Mo. Ct. App. 2003)
16:31 Elements of Frustration of Purpose