Under the CISG, Contracts

question 156

Multiple Choice

Under the CISG, contracts:

• A) must be formally written
• B) cannot be for goods produced in one country and sold in another
• C) cannot be proved by witnesses
• D) are not binding
• E) none of the other choices are correct

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Definitions:

Outstanding Shares

Represents the total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s insiders.

Derivative Security

A financial instrument whose value is derived from the value of an underlying asset, index, or interest rate, including futures, options, and swaps.

Dividend Policy

A company's strategy or policy in determining the size and frequency of dividend payments to shareholders.

Ex-Dividend Date

The date on which a stock begins trading without the entitlement to the declared dividend, typically set two business days before the record date.