A Comparative Research into Hardship and Force Majeure and Frustration
Qingsong Wang
Abstract
Qingsong Wang
Abstract
It is widely accepted that,out of special reasons,the litigant can suspend or even terminate the contract after it was signed.This rule is called Frustration rule in Common Law,and Hardship and Force Majeure in Civil Law.The Principles of International Commercial Contracts effectively integrates the two rules as the result of international unification of contract laws.
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It is widely accepted that,out of special reasons,the litigant can suspend or even terminate the contract after it was signed.This rule is called Frustration rule in Common Law,and Hardship and Force Majeure in Civil Law.The Principles of International Commercial Contracts effectively integrates the two rules as the result of international unification of contract laws.
Key concepts: Force majeure, Unification, Frustration, Frustration of purpose, Political science, Law and economics, Law, Psychology