In the Event That a Buyer Receives a Shipment of Seriously

question 65

Multiple Choice

In the event that a buyer receives a shipment of seriously defective goods, under the CISG:

• A) the buyer may accept the goods and reduce the amount paid to the seller accordingly.
• B) the buyer must notify the seller of the defects within a reasonable time.
• C) the seller may cure the defect up until the time for performance has expired.
• D) the seller may request additional time to perform even though he will be late in so doing.
• E) all of the above.

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Definitions:

Claims for Debts

Demands for payment of money owed, typically arising from contracts, agreements, or credit transactions.

Domestic Support

Financial or material assistance provided within a household, often involving alimony or child support following a divorce.

Motor Vehicles

Vehicles including cars, motorcycles, trucks, buses, and others, powered by engines for transportation on public roads.

Means Test

A process to determine an individual's eligibility for certain financial assistance programs based on income and assets.