Contractual Breach and Force Majeure in Nationalization Case
Synthèse Legislator
Généré par l'IAA contractual obligation for delivery, due on a specified date, was breached when the obligated party failed to perform by that date; the court of first instance, finding the delay to be excusable due to a *force majeure* event—the nationalization of the contracted good—rejected the claim for rescission, but the higher court quashed this decision because a generalized event like nationalization does not automatically absolve a contracting party unless the specific, unforeseen, and external nature of the event demonstrably prevented performance, and the lower court failed to establish that the nationalization made performance absolutely impossible.
Regeste Legislator
Généré par l'IAContractual Breach and Force Majeure in Nationalization Case: A contractual obligation for delivery, due on a specified date, was breached when the obligated party failed to perform by that date; the court of first instance, finding the delay to be excusable due to a *force majeure* event—the nationalization of the contracted good—rejected the claim for rescission, but the higher court quashed this decision because a generalized event like nationalization does not automatically absolve a contracting party unless the specific, unforeseen, and external nature of the event demonstrably prevented performance, and the lower court failed to establish that the nationalization made performance absolutely impossible.