In a Contract Governed by the CISG,when Must a Contract

question 66

Multiple Choice

In a contract governed by the CISG,when must a contract for the sale of goods be written?

• A) When the price exceeds $500.
• B) When the price exceeds $1,500.
• C) When the price exceeds $5,000.
• D) Never (There is no requirement that the contract be written).

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Definitions:

NPV Analysis

A method of calculating the present value of an investment's expected cash flows minus the initial investment cost to assess profitability.

Externalities

The unintended positive or negative consequences of an economic activity on unrelated third parties.

Greenhouse Gas Emissions

The release of gases into the atmosphere that trap heat, leading to global warming and climate change.

Dissipation Rate

The rate at which an economic benefit is eroded or diminished over time, often used in environmental economics and resource management.