Impossibility
Under contract law, impossibility is an excuse that can be used by a seller as an excuse for non-performance when an unforeseen event occurs after the contract is made which makes performance impossible.
Definition from Nolo’s Plain-English Law Dictionary
When an act cannot be performed due to physical impediments, nature, or unforeseen events. It can be a legitimate basis to rescind (mutually cancel) a contract.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:17 pm