Force Majuere! Its here! Very high level info

Yep and getting away with it!

legal term for failing contractual obligations due to forces outside of either party's control

.
... WHY didn't these companies have BACK-UP SOURCES??? ...
.
... unbelievably STUPID! ...
.
... in the 1990's hubby worked for a supply company that always required THREE back-up sources! ...
.
... and now those who depended solely on china are getting their hinneys bit! ... KARMA!!!! ... they DESERVE IT! ...
.

No supplier in China invokes force majeur

It allows them to avoid penalties in contract

Act of god

It's piss beer.
Who calls a beer after a typewriter to begin with?

What about our life insurance policies?

I checked mine and not payable as a result of an act of war. BioWarfare?

I don't see this as bad if it can also be used by any common person forced under quarenteen unable to work can't pay their bills, like credit cards.

Does Force Majuere work for all people and all contracts?

Yep loophole. So maybe the medical industry calling it the flu is helping families collect life insurance.

Funny how it won't save us from mortgage payments though.

but probably will release many business loans?

Force Majuere anagram

major fee cure

It's an interesting thing: The Law...


Banks always win...

Wholesalers that have a customer that goes bankrupt are way-down on the creditor triage list. You'd think it's pretty obvious, or that the firm that supplied the bankrupt party with goods could repossess their goods in settlement of the debt; they can't.

Bankers are NEVER unable to call a loan.
Whoever has collateral pledged will lose their collateral If They don't pay ALL the debt owing. If the collateral is worth less due to market conditions, debtor will still owe remaining balance.

Kinda like in declining market how margin calls are increased. Shouldn't be legal, but it is cause you agreed to the futures financing terms...


You got money in a bank?
It's no longer "yours" when it comes to whose asset it is.
Bank may honor your claim against your deposits; but if bankrupt, it might not...

Seems likely that everybody whose exposed to loss at this time will suffer losses. As your collateral declines in value, your losses might increase.

Banks are insidious.

Corona was let out of the box to bring manufacturing home. MAGA!!

Last I heard there was a surplus in the auto industry. I hate to think that someone may need to settle for a blue BMW when they preferred red.

Trump has ordered an investigation to determine if engineered virus. Hopefully that won’t be the trigger for insurance companies.

This is the second week China has been back to work. So, is OP saying the the Chines have decided not to continue supplying parts and materials to the US? I have been dealing with China for the last twenty years, especially, companies from Chengdu. Companies started sending out notices that they went back to work last week. Okay, they still have pockets of crap to deal with, but the Chinese people have been returning to work. The virus is not decimating their society so now they don't want to sell products into the US?

yeah, right. you know the bastards are only going to let the banksters & 'big bidness' off the hook. small companies and regular folks who can't pay their bills are not going to get any relief. they will try to foreclose & evict us all, and then haul us all off to FEMA Camps as martial law debt slaves, or worse. Just like damn Chinese are doing to their people.

Got ANY CLUE about how insurance works?

Like the insurers just sit on all the money they collect from policyholders and can be expected to cover every loss that ever happens?

The claims aren't in yet on Covid-19 events.
But, an Engineered Bio-Weapon is not a naturally occuring risk that anyone could have expected to occur.

It's not like the insurer's ratemaking can or would be adjusted for everything that might happen, imagineable or uninmagineable... Nuclear War losses are not covered. If you read an insurance contract Acts Of War are usually not covered. Unless you are insured for them specifically.

I wonder if AIG still issues Business Travel Life Insurance coverage? Could even get a War-Zone rider for that one...

Nobody insures a house that's already on-fire.

Nobody insures for hurricane losses once a named tropical storm is within the Gulf Of Mexico or within set distance off coastal waters.

Consider that a global pandemic due to Engineered Bio-Weapon has NEVER Happened Before. It's a new thing. Like the book on nuclear war: Thinking About The Unthinkable...

Every death and illness caused by this disease is the fault of the laboratory that caused, allowed, or by negligence enabled its escape. The owner of such lab ought to be liable. The Communist Party OWNS everything in China.

China ought to be broken up like Johns-Manville or other asbestos producers and funds established to pay reparations to those affected.

Ought To Be means nothing...

No insurer owes anybody anything for their damages or losses due to Covid-19, unless they paid for specific coverage to include losses due to Engineered Pathogen or Disease.

I do remember that one! Cool re-find. Well, cool is maybe the wrong words for this. But thank you.

NOPE..... this was all planned a loooog time ago but you weren't payin attention friend.
All going as planned by your politicians who comply with TPTB.
For those who still think the SYSTEM will take care of them, i wish them well

The biggest players

Are leveraging the middle players

So the domino starts there

That way they are left standing

Maybe it works

Maybe it doesn't

B.R.I.C.S + B.A = something Henlin wrote

Yeah I used to read Al Martin regularly. But first he went to mostly pay-to-read articles and then several years later he must have retired altogether.

Now by back to work do you mean janitors sweeping the floors? If yes, then they are fully back to work

3 back up sources all pulling fro. Factories in China

All 3 Chinese factories shut down

The litigation shitshow that arises from this will last years.

"majuere" & "manufactorers"... seems legit! also tears streaming down your buddy's face as he was "divulging" this to you?

if they do? so do we. NO more credit card payments. DONE

No one will collect life insurance under Covid19.

Just occurred to me to forbid wearing street shoes in the office.

-------------------------

You could have them step in a shallow tray of bleach water solution a quarter inch deep. Then on a mat to dry.