Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

A buyer received a letter in the mail on 1 st January, 20X1 offering to sell 5,000 units of inventory for $20 each. The seller's

A buyer received a letter in the mail on 1stJanuary, 20X1 offering to sell 5,000 units of inventory for $20 each. The seller's letter concluded with the following statement:

"I know that this offer is so attractive that I will assume that you accept it unless I hear otherwise by 31stJanuary, 20X1."

The buyer did not reply. The seller shipped all the unitsof inventory on 1stFebruary, 20X1.

With reference to the short case study above, discuss what theBuyer's responsibilitiesare under the Convention on Contracts for the International Sale of Goods (CISG)?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizations Behavior, Structure, Processes

Authors: Gibson, Ivancevich, Donnelly, Konopaske

14th Edition

978-0078112669

Students also viewed these Law questions