Mr. Bunmi attempted to claim damages but failed. This implies the contract was terminated by?

Mr. Taiwo entered into a contract to let a car to Mr. Bunmi for his wedding for two days. However, the car had an accident before the first day. Mr. Bunmi attempted to claim damages but failed. This implies the contract was terminated by

A. bankruptcy
B. frustration
C. breach
D. lapse of time

Correct Answer:

Option B – frustration

Explanation

Frustration of contract is the legal termination of a contract because of unforeseen circumstances that: make the contract and its objectives virtually impossible to execute; make the performance of the contractual obligations illegal; or. render the contract fundamentally different from its original intended character