Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: oldirtybastard who wrote (99254)	5/3/2001 10:32:28 AM
From: Ilaine	Respond to of 436258

Force majeure isn't just "act of God" or force of nature. One thing you may not be aware of is that the legal system in most countries - e.g., Europe, except for England, Ireland and Wales - is civil law, not common law. Things that you take for granted under common law - e.g., caveat emptor - don't always come out the same in civil law systems. They believe pacta sunt survanda - contracts must be honored - just as we do in common law - but there is more emphasis on honoring the will of the contracting parties - the intentions they had when they entered into the contract. Even in common law, though, force majeure isn't limited to "acts of God." (I went to Tulane - one of the few places in the world you can study both civil and common law.) Edit: I don't know enough about the gold biz to venture a guess as to how it would come out. But if Heinz says force majeure, I don't doubt there's a basis for it - Heinz is a very smart guy.