Examlex
The CISG governs all contracts between parties in the countries that have ratified it.
Shortage
A situation where the demand for a product or service exceeds the supply available.
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded at a given price.
Equilibrium Quantity
The amount of products or services available and sought after at the equilibrium price, where the supply meets the demand.
Price Floor
A government or regulatory-imposed minimum price for goods or services, intended to prevent prices from dropping too low.
Q9: An action for injunctive relief may be
Q15: Generally, defenses that could be raised in
Q17: The delegator of construction duties remains liable
Q22: An obligor may delegate his or her
Q25: Gonzalez Manufacturing negotiated by telephone to purchase
Q29: In the sale of a business, all
Q34: A buyer can revoke acceptance of the
Q35: With regard to an unliquidated debt, payment
Q45: Goods that are not yet in existence
Q52: To establish a gift, the party claiming