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  2. Impossibility of performance - Wikipedia

    en.wikipedia.org/wiki/Impossibility_of_performance

    The doctrine [1] of impossibility or impossibility of performance or impossibility of performance of contract is a doctrine in contract law.. In contract law, impossibility is an excuse for the nonperformance of duties under a contract, based on a change in circumstances (or the discovery of preexisting circumstances), the nonoccurrence of which was an underlying assumption of the contract ...

  3. Void contract - Wikipedia

    en.wikipedia.org/wiki/Void_contract

    A contract can also be void due to the impossibility of its performance. For instance, if a contract is formed between two parties A & B but during the performance of the contract the object of the contract becomes impossible to achieve (due to action by someone or something other than the contracting parties), then the contract cannot be ...

  4. Mistake (contract law) - Wikipedia

    en.wikipedia.org/wiki/Mistake_(contract_law)

    Mistake of law is when a party enters into a contract without the knowledge of the law in the country. The contract is affected by such mistakes, but it is not void. The reason here is that ignorance of law is not an excuse. However, if a party is induced to enter into a contract by the mistake of law then such a contract is not valid. [3]

  5. United States contract law - Wikipedia

    en.wikipedia.org/wiki/United_States_contract_law

    The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code .

  6. Musk's DOGE touted slashing an $8 billion contract. It ... - AOL

    www.aol.com/news/musks-doge-touted-slashing-8...

    The ICE contract was signed in 2022 to support the agency’s Office of Diversity and Civil Rights. So far, about $2.5 million has been paid on the contract. Canceling it now saves about $5.5 million.

  7. Frustration in English law - Wikipedia

    en.wikipedia.org/wiki/Frustration_in_English_law

    The burning down of the Surrey music hall in Taylor v Caldwell deemed a contract for its hire frustrated. Early cases such as Paradine v Jane (1647) [5] show the historical line that the courts took toward a frustration of purpose in contract; here, the courts held that where land under lease to the defendant had been invaded by Royalist forces, he was still under obligation to pay rent to the ...

  8. The industry hit hardest by DOGE cuts so far (hint: it's not ...

    www.aol.com/finance/industry-hit-hardest-doge...

    The terms of that specific contract aren't known, but it's listed in the DOGE data as an indefinite delivery/indefinite quantity (IDIQ) contract, which is commonly used by the government to set ...

  9. Great Peace Shipping Ltd v Tsavliris (International) Ltd

    en.wikipedia.org/wiki/Great_Peace_Shipping_Ltd_v...

    Lord Phillips of Worth Matravers MR [a] held that the mistake was not sufficiently fundamental to void the contract. The Great Peace would have taken 22 hours to cover 410 miles, but that delay was insufficient to make performance of the contract "essentially different from [the services] the parties envisaged when the contract was concluded".