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Answer the questions and give simple explanation to understand. 5. International Sales Law:1. is not uniform because of vast political, cultural, and historical differences.Il. is
Answer the questions and give simple explanation to understand.
5. International Sales Law:1. is not uniform because of vast political, cultural, and historical differences.Il. is embodied in the Convention on the International Sale of Goods. Which of the following statement(s) is/are CORRECT? Both I and II. Neither I nor II. I only . II only. 6. Under the CISG, at which point does an offer made by post become effective? When it is written. When it is posted. When it is delivered to the offeree. An offer may not be made by post.7. When a contract is for sale of goods by description, a slight breach may be treated as a: breach of a condition. breach of warranty. breach of innominate term. All breaches are fundamental. 8. For the UN Convention on Contracts for the International Sale of Goods (CISG) to apply to a state, the state must ratify the Convention in full. True False3. The CISG was signed in 1981 1982 1980 1985 4. Which of the following is TRUE under the CISG if the offeree dispatches a rejection and an acceptance to the offeror? Both the acceptance and the rejection would be considered void. Whichever reaches the offeror first would take precedence over the other. Rejection would take precedence over an acceptance. An acceptance would take precedence over a rejection.True False 9. Which of the following is a remedy available to both buyers and sellers? Missing specifications. Avoidance of an installment contract. Specific performance. Reduction in price. 10. Under the CISG, at which point does an acceptance made by post become effective? When it is written. When it is posted. When it is delivered to the offeror. An acceptance may not be made by post.X 1. Green Co. in State G sent an offer by email to Yellow Co. in State Y on 1st Jan. On 10th Jan, Yellow Co. mailed back a rejection. On 11th Jan, Yellow Co. changed its mind and sent an acceptance in the mail. On 22nd Jan, the acceptance was received. On 23rd Jan, the rejection was received. There was: no contract because the rejection was effective on its dispatch on 10 Jan. a contract because the acceptance was effective on its dispatch on 11 Jan. a contract because the acceptance was effective on its receipt on 22 Jan. no contract because the rejection was effective on its receipt on 23 Jan. 2. According to the CISG, an offer can never be withdrawn. True FalseStep by Step Solution
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