The CISG Specifically Excludes Sales of Which of the Following

question 82

Multiple Choice

The CISG specifically excludes sales of which of the following?

• A) Goods bought for personal, family, or household use.
• B) Ships or aircraft.
• C) Electricity.
• D) All of these are specifically excluded.

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Definitions:

Retained Earnings

The portion of a company's profits not paid out as dividends, but reinvested in the business.

Total Utility

The complete satisfaction or fulfillment a person derives from consuming a certain quantity of goods or services.

Successful New Products

Innovations that achieve significant customer acceptance and financial viability within a market.

Total Spending

The aggregate amount of money spent by households, businesses, and the government on goods and services within a certain period.