{"id":17041,"date":"2018-08-14T13:22:27","date_gmt":"2018-08-14T18:22:27","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=17041"},"modified":"2018-08-14T13:22:27","modified_gmt":"2018-08-14T18:22:27","slug":"word-of-the-day-394","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2018\/08\/14\/word-of-the-day-394\/","title":{"rendered":"Word Of The Day"},"content":{"rendered":"<p><em>Force majeure<\/em>:<\/p>\n<blockquote><p>Ultimately, everyone impacted by the tariffs is looking at the various legal avenues to find relief from tariff-related price increases. That includes several legal options that probably won&#8217;t work, such as force majeure clauses, Aiello said.<\/p>\n<p>Force majeure is a legal clause excusing a supplier of its obligation to deliver parts upon the occurrence of an &#8220;act of god,&#8221; or an event beyond the party&#8217;s control. Suppliers are traditionally charged hundreds of thousands of dollars for every minute an automaker plant is shut down due to lack of parts supply. A force majeure can prevent them from that contractual penalty.<em>\u00a0<\/em><\/p><\/blockquote>\n<p>From<em> &#8220;<a href=\"http:\/\/www.crainsdetroit.com\/article\/20180812\/news\/668316\/suppliers-look-for-ways-around-tariffs\" target=\"_blank\" rel=\"noopener\">Suppliers look for ways around tariffs<\/a>,&#8221; <\/em>Dustin Walsh<em>, <strong>Crain&#8217;s.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Force majeure: Ultimately, everyone impacted by the tariffs is looking at the various legal avenues to find relief from tariff-related price increases. That includes several legal options that probably won&#8217;t work, such as force majeure clauses, Aiello said. Force majeure is a legal clause excusing a supplier of its obligation \u2026 <a class=\"continue-reading-link\" href=\"https:\/\/huewhite.com\/umb\/2018\/08\/14\/word-of-the-day-394\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17041","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/17041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=17041"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/17041\/revisions"}],"predecessor-version":[{"id":17042,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/17041\/revisions\/17042"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=17041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=17041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=17041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}