If a UScompany Wants to Limit Its Implied Warranties in Connection with Connection

question 2

Multiple Choice

If a U.S.company wants to limit its implied warranties in connection with a sale of goods to a French company,the CISG provides that:

• A) no limitation of implied warranties is allowed.
• B) the limitation must be conspicuous and specific.
• C) the limitation must be agreed to by the French company.
• D) the limitation is valid no matter what the form.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's financial transactions are correctly recorded.

Worksheet

A paper or digital document used to organize information, perform calculations, and prepare for the creation of financial statements.

Revenue

Total financial returns resulting from a company's main operational activities, specifically the sale of its goods or services.

Expenses

Expenses are the costs incurred during the operation of a business to generate revenue, including operational costs, salaries, and utilities.