Which of the Following Statements Is True of the United

question 16

Multiple Choice

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

• A)The convention applies to contracts where the buyer and seller have places of business in different states of the same country.
• B)The convention covers contracts between two parties even if their operations are in countries that have not adopted the convention.
• C)The convention extensively covers personal consumer transactions in addition to business-to-business situations.
• D)The convention only covers contracts between two parties if their operations are in different countries that have adopted the convention.

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Definitions:

Offeror

The party in a contract negotiation who proposes the terms of an agreement to another party.

Bid Made

The act of offering a specific price for goods, services, or assets, especially in auctions or formal procurement processes.

UCC

Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Identical

Refers to being exactly the same in every detail.