Under the CISG, a Buyer May Reject Goods

question 45

Multiple Choice

Under the CISG, a buyer may reject goods

• A) consistent with the right of rejection set forth in the UCC.
• B) if the goods are nonconforming to the contract in any way.
• C) only if the tender is a fundamental breach of the contract.
• D) only if the tender is illegal in subject matter and/or purpose.

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Definitions:

Internal Rate

An implied interest rate that equates the present value of an investment's expected future cash inflows to its initial cost.

Investment Proposals

Formal suggestions or plans put forward for consideration, aimed at initiating a financial investment.

Discount Rate

The discount rate applied in the evaluation of the present value of future cash flows in discounted cash flow analysis.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.