Showing posts with label flooding. Show all posts
Showing posts with label flooding. Show all posts

Tuesday, September 1, 2026

Is a force majeure event a ground for not strictly enforcing a provision of the agreement?

Nation building via learning and being the best in business






A business protege is encountering a difficulty.  He had a  huge amortization in the agreement due end of July.   However, the initial agreement was  delayed by 3 mos because the father for no apparent reason  said there was not spa signed.  It took 3 mos before he was placated and had conformity to the original agreement.  

Now there is a flood due 3 weeks of incessant rain, and the place of the proejct is unreachable because of the flooding at the expressway on  the way to the project site.  The province is also placed on state of emergency.   

Way back in 1986, I encountered similar problem due to EDSA reb The land owner understood the situation and gave me extension.

Monday, August 31, 2026

The floods, the force majeure made a lot of things more challenging for many entrepreneurs/businessmen

Nation building via learning and being the best in business





                                                             NLEX impassable





                                                        Flooding at Calasiao






This post hates alibis and excuses but really the incessant rain.  One of the businesses being aided complained that many of the things he was to do were not done:

     1.  The expressway, and the province he was operating was flooded;
     2.  Things were not moving:   his bank loan transactions, other agreements, payment of his receivables
          were not moving because people were making excuses too because of the rain;

Buyers, prospects, investors do not come your way because of the bad weather....

The other parties are angry but thats it;   there are acts of God, and you just have to wait it out for the sunny day to come.   On Feb 26, 1986, I went to the land owner of the land we bought on installment which we are developing into a subdivsion, saying we cant pay on the date because of the difficulties at EDSA,  The Chinese land owner embraced me, and thanked me for my honesty and courage, and said they too in the car industry,  laid eggs.   And said things will be all right...