As Long as There Is Proof That the Parties Intended

question 14

True/False

As long as there is proof that the parties intended to form a contract for the sale of goods and there is mention of the goods,quantity,and price,there is a valid offer under the CISG.

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Definitions:

Personal Guarantees

A commitment by an individual to repay a debt if the original borrower defaults, often required in business loans.

Joint and Severable

A legal term indicating that all parties in a contract are equally responsible for fulfilling the terms of the agreement, and each can be held fully accountable.

Interest Rates

The cost of borrowing money or the return on investment, expressed as a percentage of the principal, that lenders charge or pay over a specific period.

Premium

An amount paid in addition to a standard price, often for a higher quality or more expedited service.