This is kind of a hypothetical legal question and may be a dumb one at that.
Let's say that next year gasoline goes to six bucks a gallon and folks have all of these useless gas guzzlers there paying for but can't drive and have lost there jobs. What if one were to declare Force Majeure and stop paying on there loan and contract until circumstances improved (I know the chances of that would be 0 at that point)? Would one have a legal footing? Since the government is/has meddling in Auto manufactures efficiencies one could argue that the government has/had a responsibility to the consumer and because of their malfeasance have unduly burdened the consumer with worthless crap as a third party.
Heck I doubt a credit score would matter at that point anyway.
$this->bbcode_second_pass_quote('', 'F')orce Majeure literally means "greater force". These clauses excuse a party from liability if some unforseen event beyond the control of that party prevents it from performing its obligations under the contract. Typically, force majeure clauses cover natural disasters or other "Acts of God", war, or the failure of third parties--such as suppliers and subcontractors--to perform their obligations to the contracting party. It is important to remember that force majeure clauses are intended to excuse a party only if the failure to perform could not be avoided by the exercise of due care by that party.





