Examlex
The 2017 price level in Great Britain was relatively higher than the price level in the United States. Thus, a U.S. manufacturing facility looking to buy coal for its plant would most likely buy coal at home in the United States.
UCC
An acronym for the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.
CISG
The United Nations Convention on Contracts for the International Sale of Goods, a treaty establishing a uniform international sales law.
Reasonable Grounds
A basis of sufficient facts and information indicating that a belief or action is more likely true or correct than not, often used in legal contexts.
Shipment Contract
A contract in which the seller is obligated to send the goods to the buyer but is not responsible for loss or damage to the goods once they have been shipped.
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