Which of the Following Is True Regarding Convention on Contracts

question 53

Multiple Choice

Which of the following is true regarding Convention on Contracts for the International Sale of Goods (CISG) ?

• A)The CISG governs only the formation of a sales contract and the rights and duties that arise from it.
• B)The CISG is concerned with the validity of a contract that would be governed by other laws.
• C)The CISG applies to the liability of the seller for death or personal injury caused by the goods to any person.
• D)The CISG applies to auctions sales,sales of stocks,securities,negotiable instruments or money.

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Definitions:

Sample Means

The average value of a set of observations, taken from a sample of the population.

Analysis of Variance

A statistical method used to compare the means of three or more samples to find out if at least one is significantly different from the others.

Population Means

The average value of a particular characteristic across all members of a defined population.

Independent Random Sampling

A method of sampling where each member of the subset is chosen randomly and entirely by chance, ensuring that every subset of the population has an equal opportunity of selection.