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:

Sunk Cost

A cost that has already occurred and that is not affected by the capital project decision. Sunk costs are not relevant to capital budgeting decisions.

Publishing Company

A business entity that specializes in the production and dissemination of literature or information, such as books, magazines, or digital content.

Analysis

The examination and evaluation of the relevant information to select the best course of action from among various alternatives.

Cash Flows

Cash flows refer to the net amount of cash and cash-equivalents being transferred into and out of a business.