5.01 This chapter deals with the related subjects of licences and impossibility of performance. As will be seen, the two subjects are closely connected, since one of the most disruptive events in the performance of an export or, less frequently, import, transaction is governmental intervention. The overwhelming majority of events of impossibility in reported cases, so far as they affect the performance of an international sale contract dealing with commodities, stem from the actions of governments. The term impossibility is preferred to frustration, since there is...
Users without a subscription are not able to see the full
to access all content.