CASEI On8May2014,aChinesecompanyandaSouthKoreancompanysigneda contracttoorder50,000setsofelectroniccomponents.Thepriceterminthe contractisFCA(PortXinSouthKorea)(Incoterms2010).Andothertermsin thecontactincludes:deliverthegoodsfrom7November2014to9November 2014;thecontractissubjecttotheCISG;Ifanydisputesarisingoutofthe contract,theyshouldbesettledbyChinaInternationalEconomicandTrade ArbitrationCommissionthroughitsarbitrationrules.Aftertheconclusionofthe contract,thepriceofsuchelectroniccomponentsdropsheavily.Thenon20 June2014,thetwocompanieschangedtheorderfrom50,000setsto40,000 setsandthepriceofproductsremainsunchanged.On8November2014,the KoreancompanydeliveredthegoodstothecarrierdesignatedbytheChinese company.On25November2014,theChinesecompanyreceivedthegoods andfoundthatthegoodsdeliveredbytheSouthKoreancompanywerestill 50,000sets. Question1: WhendidtherisksofthegoodstransferfromtheKoreancompanytothe Chinesecompany?Why?(15points) Question2: TheChinesecompanyonlyreceivedthegoodson25November252014.Can theChinesecompanyclaimthattheKoreancompanyshouldbeliablefora breachofcontractonthegroundsthatitfailedtodeliverthegoodsontime? Why?(20points) Question3: Ifamongthese50,000sets,thequalityof15,000setsaredefective.Andthen theChinesecompanywantstoreturnallthesedefectiveproducts.What measuresshouldtheChinesecompanytakebeforetheproductsareactually returnedtotheKoreancompany?Andwhoshouldbearthecostifany?Why? (15points) 3/8 CASEII On10January2004,CompanyAinCountryXcalledCompanyBinCountryY, said:"Wearelookingforautopartsforalongtime.Pleaseproduce10,000 piecesbaseduponthesampleweprovided.Thepricetermis$500/perpiece FCA;pleasealsodeliverthegoodsfrom10April2004to20April2004."Then on20January2004,CompanyAreceivedthewrittennoticefromCompanyB, saying:"acceptyourpreviousoffer,however,becauseourcapacityof production,wecanonlydeliverthegoodsfrom25April2004to30April2004." On26January2004,CompanyBreceivedawrittennoticefromCompanyA, saying:"pleasedeliverthegoodsonthedatesyoustated."However, afterwards,CompanyBstillcouldnotdeliverthegoodsonthedatesitstated before.Asaresult,CompanyAthengavea20-dayperiodforextensionforthe deliveryofgoods.On10July2004,CompanyAfinallyreceivedthegoods. CompanyAthenequippedtheseautopartsintotheautomobilesandsoldthe automobilesinthemarket.InSeptember2004,CompanyCinCountryXsued CompanyAforaninfringementofpatentandtrademarkrightsoftheforegoing partsusedintheautomobiles,allegingithadsuchpatentandtrademarkin CountryXandclaimingthecompensation.However,CompanyAresponded thattheseautopartswereproducedbyCompanyBinCountryYandthus CompanyBshouldbeartheresponsibilities. P.S:CountryXandCountryYarebothcontractingpartiesofCISG. Question1: WhenwasthecontractestablishedbetweenCompanyAandCompanyB? Why?(15points) Question2: IfCompanyBfailstodeliverthegoodsontime,canCompanyAdeclarethe contractinvalidimmediately?Why?(15points) Question3: WhenCompanyCclaimsforaninfringementoftheintellectualpropertyrights, whoshouldbeartheliability?Andwhy?(20points)