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Force Majeure?
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Thread: Force Majeure?

  1. #1
    Join Date
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    Default Force Majeure?

    How in the he** can you have a force majeure on a financial instrument?

    I think that's a pretty big stretch on the definition.

    http://www.cmegroup.com/tools-inform...hadv11-46.html

  2. #2
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    Wink semantics

    Quote Originally Posted by Matthew Shelley View Post
    How in the he** can you have a force majeure on a financial instrument?

    I think that's a pretty big stretch on the definition.

    http://www.cmegroup.com/tools-inform...hadv11-46.html
    Thanks for the heads up.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  3. #3
    Join Date
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    Default

    (Latin),[1] is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term "act of God" (such as flooding, earthquake, or volcanic eruption), prevents one or both parties from fulfilling their obligations under the contract.[2] However, force majeure is not intended to excuse negligence or other malfeasance of a party, as where non-performance is caused by the usual and natural consequences of external forces (for example, predicted rain stops an outdoor event), or where the intervening circumstances are specifically contemplated.

  4. #4
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    Default

    Quote Originally Posted by mark2112gum View Post
    (Latin),[1] is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term "act of God" (such as flooding, earthquake, or volcanic eruption), prevents one or both parties from fulfilling their obligations under the contract.[2] However, force majeure is not intended to excuse negligence or other malfeasance of a party, as where non-performance is caused by the usual and natural consequences of external forces (for example, predicted rain stops an outdoor event), or where the intervening circumstances are specifically contemplated.
    However if you've bought the government, then there are exceptions.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

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