If a USBuyer Wants to Avoid a Sales Contract with an Italian

question 11

Multiple Choice

If a U.S.buyer wants to avoid a sales contract with an Italian seller,the CISG states that the U.S.buyer:

• A) can avoid the contract only if there has been a fundamental breach by the Italian seller.
• B) cannot avoid the sales contract under any circumstances.
• C) can avoid the contract even for minor breaches by the Italian seller.
• D) can avoid if done anytime within 30 days after the goods arrive.

Grasp the difference between mistakes of law and mistakes of fact in the context of contract formation and enforcement.

Understand the concept and importance of customer service in business operations.

Grasp the ultimate goal of customer service as increasing brand loyalty and promoting brand loyalty.

Comprehend the stages of the order cycle and the significance of each stage.

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Definitions:

Warranty Expense

Costs anticipated by a company for the repair or replacement of defective products during the warranty period, treated as a liability until used.

Estimated Cost

A projection or forecast of the total costs associated with completing a project, manufacturing a product, or providing a service.

FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare in the United States.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within the normal operating cycle of a business, typically one year.