Editing Contracts/Impracticability
From wikilawschool.net. Wiki Law School does not provide legal advice. For educational purposes only.
The edit can be undone. Please check the comparison below to verify that this is what you want to do, and then publish the changes below to finish undoing the edit.
Latest revision | Your text | ||
Line 9: | Line 9: | ||
# There must be an occurrence of a condition, ''the nonoccurrence of which was a basic assumption of the contract'', | # There must be an occurrence of a condition, ''the nonoccurrence of which was a basic assumption of the contract'', | ||
# The occurrence must make performance extremely expensive or difficult | # The occurrence must make performance extremely expensive or difficult | ||
# This difficulty was not anticipated by the parties to the contract (note: some jurisdictions require that there be no measure within the contract itself to | # This difficulty was not anticipated by the parties to the contract (note: some jurisdictions require that there be no measure within the contract itself to allocate risk between the parties) | ||
==Restatement of Contracts== | ==Restatement of Contracts== |