Impracticability, Impossibility, and Frustration of Purpose: Overview | Practical Law
A Practice Note providing an overview of the excuses for a failure to meet contractual obligations of impracticability under Article 2 of the Uniform Commercial Code (UCC), common law impracticability, impossibility, and frustration of purpose. This Note also summarizes factors for counsel to consider when advising a client facing either obstacles to performance under a contract or greatly impaired value of a particular transaction.