Question 1

All of the following may be raised as reasons for nonperformance of sales contract except:

Accepted Answer

A)  Impossibility. 
B)  Frustration of Purpose. 
C)  Commercial Impracticability. 
D)  Subjective Constraints. 
A)  Impossibility. 
B)  Frustration of Purpose. 
C)  Commercial Impracticability. 
D)  Subjective Constraints.

Question 2

Under common law,the offeror can withdraw his offer if withdrawal occurs before a transmitted acceptance is received.

Accepted Answer

A) True 
 B)False

Question 3

Under the CISG,a communication between the parties would be considered an offer when:

Accepted Answer

A)  It is in the form of an advertisement. 
B)  It leaves the quantity or price terms open. 
C)  It is sufficiently definite and indicates an intention to be bound. 
D)  Both B and C. 
A)  It is in the form of an advertisement. 
B)  It leaves the quantity or price terms open. 
C)  It is sufficiently definite and indicates an intention to be bound. 
D)  Both B and C.

Question 4

The following sales are excluded from the CISG:

Accepted Answer

A)  The sale of industrial equipment. 
B)  The sale of consumer goods. 
C)  The sale of ships and aircraft. 
D)  All of the above. 
A)  The sale of industrial equipment. 
B)  The sale of consumer goods. 
C)  The sale of ships and aircraft. 
D)  All of the above.

Question 5

The provisions concerning express and implied warranties are similar under the UCC and CISG.

Accepted Answer

A) True 
 B)False

Question 6

Draft a model statute regarding international e-contracts (perhaps considering rules for offer,acceptance,and revocation).

Accepted Answer

Model Statute on International E-Contrac

All of the following may be raised as reasons for nonperformance of sales contract except:

Under common law,the offeror can withdraw his offer if withdrawal occurs before a transmitted acceptance is received.

Under the CISG,a communication between the parties would be considered an offer when:

The following sales are excluded from the CISG:

The provisions concerning express and implied warranties are similar under the UCC and CISG.

Draft a model statute regarding international e-contracts (perhaps considering rules for offer,acceptance,and revocation).

Introduction to International Business

International Law and the Worlds Legal Systems

Resolving International Commercial Disputes

The Documentary Sale and Terms of Trade

The Carriage of Goods and the Liability of Air and Sea Carriers

Bank Collections, Trade Finance, and Letters of Credit

National Lawmaking Powers and the Regulation of Ustrade

Gatt Law and the World Trade Organization: Basic Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports, Customs, and Tariff Law

The Regulation of Exports

North American Free Trade Law

The European Union and Other Regional Trade Areas

International Marketing Law: Sales Representatives, Advertising, and Ethical Issues

Licensing Agreements and the Protection of Intellectual Property Rights

Takings and National Controls on Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters

Exam 4: Sales Contracts and Excuses for Nonperformance

All of the following may be raised as reasons for nonperformance of sales contract except:

Under common law,the offeror can withdraw his offer if withdrawal occurs before a transmitted acceptance is received.

Under the CISG,a communication between the parties would be considered an offer when:

The following sales are excluded from the CISG:

The provisions concerning express and implied warranties are similar under the UCC and CISG.

Draft a model statute regarding international e-contracts (perhaps considering rules for offer,acceptance,and revocation).

Introduction to International Business

International Law and the Worlds Legal Systems

Resolving International Commercial Disputes

The Documentary Sale and Terms of Trade

The Carriage of Goods and the Liability of Air and Sea Carriers

Bank Collections, Trade Finance, and Letters of Credit

National Lawmaking Powers and the Regulation of Ustrade

Gatt Law and the World Trade Organization: Basic Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports, Customs, and Tariff Law

The Regulation of Exports

North American Free Trade Law

The European Union and Other Regional Trade Areas

International Marketing Law: Sales Representatives, Advertising, and Ethical Issues

Licensing Agreements and the Protection of Intellectual Property Rights

Takings and National Controls on Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters