Principle

CONTRACT LAW — Frustration — Legal Impossibility — Distinction Between Absolute Prohibition and Goods Subject to Licence

Area of law: CONTRACT LAW
Court: Supreme Court

This principle distinguishes goods under absolute prohibition, for which contracts are illegal and unenforceable, from goods subject to licence, which may be imported upon obtaining a licence. The principle applies in import and clearing contracts. It ensures that the distinction is recognized. The principle reflects…

Read the full principle with Sanctum

Sanctum is the key to all NLC content: judgments, principles, statutes, rules and forms. Choose a plan from 1 month to 36 months.

Get Access I’m a member — Log in