Under the CISG, a Communication Between the Parties Would Be

question 70

Multiple Choice

Under the CISG, a communication between the parties would be considered an offer when:

• A) it is in the form of an advertisement.
• B) it leaves the quantity or price terms open.
• C) it is sufficiently definite and indicates an intention to be bound.
• D) both B and C.

---

Definitions:

Comparative Advantage

An economic theory stating that countries or entities benefit from specializing in producing goods where they have lower opportunity costs, leading to more efficient global production.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors when given the same resources.

Specialization

The process by which individuals, businesses, or countries focus on producing a narrow range of goods or services, improving efficiency and expertise in that area.

Comparative Advantage

The ability of a country or entity to produce a good or offer a service at a lower opportunity cost than competitors, facilitating specialized trade benefits.