Under the CISG

question 58

Multiple Choice

Under the CISG:

• A) loss of or damage to the goods after the risk of loss has passed to the buyer does not discharge the buyer from the obligation to pay the purchase price.
• B) loss of or damage to the goods after the risk of loss has passed to the buyer discharges the buyer from the obligation to pay the purchase price.
• C) if the buyer is bound to take over the goods at a place other than the seller's place of business,the risk of loss passes when the goods arrive at that location.
• D) if the sales contract does not involve the carriage of the goods,the risk of loss passes to the buyer as soon as the goods are placed at his disposal,regardless of the amount of time it takes him to take possession.

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Definitions:

Seasoned Offering

Refers to the issuance of additional securities by a company that has previously issued securities to the public and is therefore considered a more established issuer.

Stock Price

The going rate for buying or selling a single share of a firm's stock in the marketplace.

News Release

An official statement issued to the media and the public to announce significant or notable information about a company, government, or organization.

Holder-of-record Date

The specified date set by a corporation by which one must be registered as a shareholder to be entitled to receive dividends or participate in certain corporate events.