The United Nations Convention on Contracts for the International Sale

question 24

Multiple Choice

The United Nations Convention on Contracts for the International Sale of Goods (CISG) generally holds acceptances to be effective when:

• A)they are received.
• B)they are dispatched.
• C)the offeror reasonably learns of the acceptance.
• D)the offeree subjectively decides to accept the offer.

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Definitions:

Form 8-K

A report filed by publicly traded companies with the SEC to announce significant events that shareholders should know about.

Middle Manager

A managerial position typically below top management and above frontline managers, responsible for implementing the policies and plans developed by senior management.

Independent Auditor

A third-party professional or firm that examines an organization's financial statements to ensure accuracy and compliance with accounting standards.

Letter of Comments

A document containing feedback, observations, or suggestions usually generated during reviews or audits.