The Third Circuit Court of Appeals issued a ruling today awarding $14 Million to VICI Racing from its sponsor T-Mobile. The opinion on contractual rights and responsibilities is lengthy (57 pages) and probably only interesting to transactional nuts, I mean, lawyers. It can be read here:
http://www2.ca3.usco...ch/131615p.pdf
One interesting finding was that a race car accident was a Force Majeure, or an "act of God," excusing a party's performance under a contract.
Likewise, in the future I am going to argue that my next accident is not my fault but must be an "act of God."
Tom