The CISG

question 3

Multiple Choice

The CISG:

• A) does not follow the perfect tender rule.
• B) provides that the seller must, in all cases, deliver the goods within a reasonable time after the conclusion of the contract.
• C) provides that in most instances the buyer must pay the contract price before examining the goods.
• D) provides no right of "cure."

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Definitions:

NSF Check

Non-Sufficient Funds Check; a check that cannot be processed because the account on which it is drawn does not have enough funds.

Bank Service Charges

Fees charged by banks for various services such as account maintenance, transactions, and overdrafts.

Other Income

Comprises earnings from sources other than the main business activities, such as interest, dividends, or rental income.

Accounts Payable

Money owed by a company to its creditors for goods and services purchased on credit.