Frustration of the contract | An electrical company entered into a contract with a fertilizer company… Can the supplier back out of the contract on this ground? Discuss with reference to the relevant provisions of law.

Last Updated on 1 hour by Admin LB Question: Frustration of the contract | An electrical company entered into a contract with a fertilizer company for the supply of transformers, the price to be firm there being no provision for escalation in price. Subsequently, due to a hike in petroleum prices, the prices of transformer oil, an essential…

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