What Is the United Nations Convention on Contracts for the International

question 15

Multiple Choice

What is the United Nations Convention on Contracts for the International Sale of Goods rule with regard to cure?

• A) It does not recognize cover as a seller's remedy.
• B) It follows the same cure rules as stated in the UCC.
• C) It allows an absolute right and obligation for a seller to cure, and the buyer must allow the seller to cure even if the time for performance is past due.
• D) It requires that the seller apply to the International Court of Justice for the right to cure, and the court will evaluate each case individually.

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Definitions:

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A type of auto insurance that covers damage to the policyholder's car resulting from a collision with another vehicle or object.

Safe Driver

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Actuarial Calculations

Mathematically based evaluations of insurance and finance risks, primarily used in the insurance industry and pension fund management.