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we have previously considered the doctrine of mistake we will now consider three doctrines that have a lot in common with the doctrine of mistake impossibility impracticability and frustration of purpose these three doctrines will be referred to collectively as doctrines dealing with changed circumstances the doctrine of mistake deals with the parties mistaken understanding of facts that were in existence at the time of contracting in contrast the doctrines of changed circumstances deal with events that occur after the contract has been entered into but before the time for performance despite these differences mistake and the doctrines dealing with changed circumstances all involved situations in which the basic assumptions on which the parties were relying on entering into the contract are undetermined to so great an extent that it would be unfair to hold the adversely affected party to its commitments the doctrines of a mistake and the doctrines of changed circumstances raised the fo
