Review:
Impossibility Of Performance
overall review score: 3.5
⭐⭐⭐⭐
score is between 0 and 5
The concept of impossibility-of-performance refers to situations where it is objectively impossible for one party to fulfill their contractual obligations.
Key Features
- Legal principle
- Occurs in contracts
- Can be invoked as a defense
Pros
- Provides protection for parties in impossible situations
- Recognized legal principle
Cons
- Can lead to disputes and litigation
- May result in financial losses for the other party