Under the CISG, an Offer Becomes Effective When

question 317

Multiple Choice

Under the CISG, an offer becomes effective when:

• A) sent by the offeror; it may be withdrawn any time, but only in writing
• B) sent by the offeror; it may be withdrawn any time before acceptance is communicated
• C) received by the offeree; it may be withdrawn any time after 30 days
• D) sent by the offeror; it may be withdrawn any time after 30 days
• E) none of the other choices

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Definitions:

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Coal mining industry in the state of West Virginia, known for its significant contribution to the US coal supply.

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The act of exchanging one country's currency for another's, often done to facilitate international trade or travel.

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A term that could refer to several major banks located in various countries, recognized for their size, prestige, or historical significance.

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The rate at which one currency can be exchanged for another, determining the relative value of one currency in comparison to another.