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.

Distinguish between strengths, weaknesses, opportunities, and threats in a SWOT analysis.

Recognize the importance of environmental scanning in identifying opportunities and threats.

Understand the process and significance of comparing a firm’s strengths and weaknesses to its competitors.

Define and explain the process of turning weaknesses into strengths and matching strengths with opportunities.

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Definitions:

Covenants Not to Compete

Agreements often included in employment contracts that restrict an employee's ability to engage in business activities that compete with their employer after the employment ends.

Sale of Business

The process or transaction in which ownership of a business is transferred from one party to another.

Breach of Contract

The violation of any terms or conditions in a contract without legal justification.

Valid License

An official permission or permit that meets all legal requirements to engage in a particular activity or profession.