Which of the following is false.
1
A contract is frustrated where the actual and specific subject matter of the contract has ceased to exist.
2
A contract is not frustrated where the actual and specific subject matter of the contract has ceased to exist. It merely amounts to commercial hardship.
3
A contract which required personal performance by the promisor is frustrated on the death of the promisor.
4
A contract will be frustrated where circumstances arise that make the performance of the contract impossible in the manner contemplated.