Under the CISG, If the Buyer Fails to Perform Contractual

question 34

Multiple Choice

Under the CISG, if the buyer fails to perform contractual obligations, the seller may require the buyer to:

• A) pay the price.
• B) perform the contractual obligations.
• C) take delivery.
• D) All of these.

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Definitions:

Annually

Pertaining to something that occurs once every year or relating to a period of one year.

Line of Credit

A flexible loan arrangement with a bank or lender, allowing the borrower to draw funds as needed up to a certain limit.

Simple Interest

Interest assessed only on the original investment, without consideration for compounding.

Annual Rate

The amount of interest, return, or other financial change represented annually, often as a percentage.