Parties to an International Sales Contract May Not Exclude CISG

question 72

True/False

Parties to an international sales contract may not exclude CISG governance from their contract.

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Definitions:

ATC Curve

Represents the Average Total Cost curve, showing the per-unit cost of production at different levels of output.

Efficient

Pertaining to a process or system that achieves maximum productivity with minimal wasted effort or expense.

Economy

Represents the system of production, distribution, and consumption of goods and services within a specific region or country.

Efficiency

Efficiency in economics means the optimal allocation of scarce resources to meet the desired objectives, minimizing waste and maximizing value.