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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What are the reasons for impossibility arising after the formation of a contract? - Commerce

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Question

What are the reasons for impossibility arising after the formation of a contract?

Short Note

Solution

Impossibility arising subsequent to the formation of a contract or supervening impossibility may be:

  1. By some event beyond the control of the parties; or
  2. By some act either of the promisor or of the promisee.
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Discharge of Contract
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Chapter 31: Discharge and Breach of a Contract - Exercises [Page 314]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 31 Discharge and Breach of a Contract
Exercises | Q III. 3. | Page 314
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