Under the CISG, a Party May Suspend Performance of His

question 6

True/False

Under the CISG, a party may suspend performance of his obligations if, after the conclusion of the contract, it becomes apparent that the other party will not perform a substantial part of his obligations.

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Definitions:

Total Cost

The sum of fixed cost and variable cost.

Extraction Cost

The expenses associated with the removal of raw materials from the earth, such as mining or drilling.

User Cost

The cost associated with the use of a service or the depletion of a capital good.

Fishery

An area with a naturally occurring population of aquatic species which can be harvested for economic purposes.