Under the CISG,if Prior to the Date for Performance of the Sales

question 45

True/False

Under the CISG,if prior to the date for performance of the sales contract it is clear that one of the parties will commit a fundamental breach,the other party may declare the contract avoided.

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Definitions:

Profitability

A measure of the efficiency and financial success of a business, indicated by the ratio of profits generated to the resources used.

Satisfaction

The feeling of pleasure or fulfillment that comes from meeting one's expectations, desires, or needs.

Implementation

The process of putting a decision or plan into effect; execution.

PDCA Cycle

A four-step management method used for the control and continuous improvement of processes and products, standing for Plan-Do-Check-Act.