Which of the Following Is True of the Buyer's Remedies

question 26

Multiple Choice

Which of the following is true of the buyer's remedies under the CISG?

• A) The right to recover damages is not lost if a buyer exercises any other available remedy.
• B) The right to recover can only be availed after the seller is given a period of grace in which to comply.
• C) The right to recover does not include reduction in price of the goods.
• D) The type of remedy applicable in a case depends on whether the seller's breach affects the whole contract or only a part.

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Definitions:

Outstanding Stock

The total shares of a company that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

SEC

The U.S. Securities and Exchange Commission (SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.

Banks

Financial institutions that accept deposits from the public, offer various financial services, including loans, and ensure economic stability and growth.

U.S. Financial System

The complex of institutions, including banks, securities markets, and regulatory agencies, that facilitate the flow of capital and financial services in the United States.