Under the CISG, Which of the Following Would Not Always

question 2

Multiple Choice

Under the CISG, which of the following would not always be considered a material alteration to an offer?

• A) A change in payment.
• B) A change in time of delivery.
• C) A change in color of goods ordered.
• D) The addition of an arbitration clause for settlement of disputes.

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in relative prices, holding the consumer's level of utility constant.

Price

The fiscal amount needed for the acquisition of a product or service.

Delphiniums

A genus of flowering plants known for their tall spikes of colorful flowers, commonly found in gardens.

Perfect Substitutes

Goods or services that can be used in exactly the same way and to the same extent, where one can completely replace the other in consumption.