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Re: RMD1 post# 61691

Tuesday, 04/13/2021 9:36:33 AM

Tuesday, April 13, 2021 9:36:33 AM

Post# of 62745
“Challenges” are far different than successful suits. Co a sues Co b, a manufacturer, Co b enjoins the 100 Cos (c) uppliers who did not supply them the raw materials. Each Co c enjoins the suppliers who did not supply them, now add in the millions of service contracts with the same trickle down effects. Challenges, yes, successful lawsuits, not in a million years as it will tie up the entire court system for years. ‘Force Majeure’ clauses are always open for interpretation and have been in all courts, legal 101. The very definition of the term dictates that it can not be limited, especially to the unforeseen. New Orleans, post Katrina were the first recent ‘force majeure’ precedents. You may ask why, well the damage to NOLA was NOT caused by an act of God, Katrina!! The damage was caused by levee failures and damage which could have occurred at any time without a hurricane but the insurance Cos did pay as the Force majeure clauses in place did not stand in court. The second ‘exception’ to these rigid clauses were thrown out the window in the BP oil spill in Fl, Ms, La and Texas.
When businessmen pretend to be lawyers, good things do not happen in court.
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