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.

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Definitions:

NSF Check

A non-sufficient funds (NSF) check is a check that cannot be processed because the account from which the funds are drawn does not have enough funds.

Adjusted Cash Balance

The cash balance reflected in the books after adjustments have been made for checks issued, deposits in transit, and other discrepancies.

Check Register

A record maintained by an account holder to keep track of checks written, deposits made, and current account balances.

Bank Statement

A document that summarizes all the transactions entered into by an account holder within a specific time frame.