The CISG Requires That an Acceptance Materially Altering the Terms

question 44

True/False

The CISG requires that an acceptance materially altering the terms of the offer be approved by the original offering party.

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Definitions:

Truth in Savings Act

A federal law designed to promote fairness and transparency in the savings account practices of banks and other financial institutions.

Farmland

Agricultural land used primarily for the purpose of growing crops and, sometimes, raising livestock.

Compound Interest

Interest calculated on the initial principal of a deposit or loan, as well as on the accumulated interest of previous periods, leading to exponential growth of the amount over time.

Economic Resource

Assets, materials, and inputs used to produce goods and services, including labor, capital, land, and entrepreneurship.