Do Both the CISG and the UCC Require Contracts for the Sale

question 63

Multiple Choice

Do both the CISG and the UCC require contracts for the sale of goods be in writing?

• A) No. The UCC requires that contracts for the sale of goods in excess of $500 be in writing, however, the CISG does not require a writing.
• B) No. The CISG requires that contracts for the sale of goods in excess of $500 be in writing, however, the UCC does not require a writing.
• C) Yes, both the UCC and the CISG require that contracts for the sale of goods be in writing.
• D) No. The UCC requires that all contracts for the sale of goods be in writing, however, the CISG does not require a writing.
• E) No. The CISG requires that all contracts for the sale of goods be in writing, however, the UCC does not require a writing.

Recognize the ethical issues companies face when operating globally and form an opinion on how these challenges can be addressed.

Describe strategies for maintaining high ethical standards within organizations.

Understand the four dimensions of justice in organizations and apply them through examples.

Distinguish between instrumental and terminal values and their relevance in a business setting.

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Definitions:

Population

The total number of people or organisms in a particular area or within a specific group.

Subset

A portion of a set that contains some or all elements of the parent set, but not additional ones.

Random Assignment

A method used in experiments to assign participants to different groups in a way that each participant has an equal chance of being in any group, thereby helping to reduce bias.

Extreme Cases

Situations or examples that are unusual or rare, often used to illustrate the outer limits of possible outcomes or behaviors.