Credit MD Website Logo Ask The Credit Doctor

Our Services
Personal Loan
Debt Consolidation
Debt Settlement
Credit Report
Home Loans
Auto Loan
Credit Card
Compare Credit Cards
LifeLock
Avoid Biz Bankruptcy
Free ID Theft Manual





Credit Education Center
Credit Card with Fair Credit
Best Credit Card
Bankruptcy Credit Card
Auto Loan Poor Credit
High Risk Auto Loan
Refinance Loan
Online Bad Credit Personal Loan
Instant Payday Loan
Home Mortgage Refinance Loan
Home Loan
Debt Settlement
Credit and Debt Counseling
Credit Bureau Report
Colorado Home Loan

Rocket Daddy Award

 

Financial Dictionary

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z

ACT OF GOD - A natural event, not preventable by any human agency, such as flood, storms, or lightning. Forces of nature that no one has control over, and therefore cannot be held accountable.

This phrase denotes those accidents which arise from physical causes, and which cannot be prevented.

Where the law casts a duty on a party, the performance shall be excused, if it be rendered impossible by the act of God, but where the party by his own contract engages to do an act, it is deemed to be his own fault and folly that he did not thereby provide against contingencies, and exempt himself from responsibilities in certain events and in such case, that is, in the instance of an absolute general contract the performance is not excused by an inevitable accident or other contingency, although not foreseen by, nor within the control of, the party.

Click Here to Go Back to the Previous Page

Financial Dictionary Main
Home : Site Map : Resource Center : Credit Center : Bad Credit Loan : Home Loans : Privacy Policy
© 2006 - CreditMD, LLC - All Rights Reserved