How Do the Warranty Provisions Under the CISG Compare to the Provisions

question 53

Multiple Choice

How do the warranty provisions under the CISG compare to the provisions of the UCC?

• A) In most instances, the standards are the same.
• B) In all instances, the standards are the same.
• C) The CISG standards are stricter when compared to the UCC standards.
• D) The standards are completely different.

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Definitions:

Steel

A hard, strong alloy made primarily of iron and carbon, often used in construction and manufacturing.

Domestic Quantity

The amount of a product or service produced within a country's borders.

Demanded

Refers to the desire of consumers to purchase a good or service, coupled with the capacity to pay for it, at a certain price level.

Producer Surplus

Producer Surplus is the difference between what producers are willing to sell a good for and the actual price they receive, representing profit.