Even if performance is still possible, if a supervening event destroys the contract’s fundamental reason, obligations end. Example: You rent a hotel room facing a parade route, but the parade is canceled. The room is still available, but the purpose is frustrated.
Life is unpredictable. What if you lose your job, fall ill, or a natural disaster destroys the goods you promised to deliver? The law recognizes a few defenses that may excuse performance. Contractual Obligations
For a contract to create binding obligations, it must satisfy: Even if performance is still possible, if a