The CISG

question 4

Multiple Choice

The CISG:

• A)is the contract law of the EU.
• B)is part of GATT.
• C)was drafted by a commission of the United Nations.
• D)has been adopted in virtually every nation.

Describe the funding structure for health care services in Canada.

Explain the legal requirements to successfully sue for negligence.

Understanding of the "reasonable person" test in liability cases.

Identify the function and importance of surety bonds in contractual agreements.

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Definitions:

Promissory Estoppel

A legal principle that prohibits a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be legally enforceable.

Collateral Promise

A collateral promise is a secondary agreement that one party will assume responsibility for another's debt or obligation if that other party fails to fulfill it.

Secondary Obligations

Duties or liabilities that arise not from the primary contract but as a result of ancillary or supplementary agreements or circumstances.