Even if a contract does not have a force majeure clause, a party’s obligation to perform may still be discharged under the doctrine of impossibility. The doctrine of impossibility refers to situations ...
New York courts have applied the common law doctrines of Impossibility of Performance and Frustration of Purpose narrowly and strictly and only in limited circumstances when raised by commercial ...
Andrew C. Grossman personally guaranteed a commercial mortgage loan, failed to pay on the guarantee, and Fannie Mae (which took over the loans) had judgments entered against Grossman in Oklahoma and ...
In his Commercial Division Update, Thomas J. Hall writes: The narrowness of the doctrines of impossibility and frustration of purpose—and their questionable utility for litigators—underscores the ...
SAN FRANCISCO (CN) – California’s highest court handed gun manufacturers a setback in their fight against what they called an “impossible” state requirement to place microstamps on bullet casings, ...
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We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
In the context of a blog on behavioural economics, I wanted to share a kind of particular snag, obstacle, and typical unworkable situation that can happen between people. When someone expects a very ...
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