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There are two important theories of doctrine of frustration, viz., theory of implied term and

The other theory is the theory of a just and reasonable solution. The implied-term approach explains frustration by a condition supposedly built into the bargain, whereas…

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There are two important theories of doctrine of frustration, viz., theory of implied term and

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The other theory is the theory of a just and reasonable solution. The implied-term approach explains frustration by a condition supposedly built into the bargain, whereas the alternative explanation focuses on the response to a fundamentally changed situation. These are theoretical explanations, not a general licence to rewrite inconvenient contracts: in India, supervening impossibility or illegality is governed by section 56 of the Contract Act.

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