Under the CISG

question 35

Multiple Choice

Under the CISG:

• A) loss of, but not damage to, the goods after the risk of loss has passed to the buyer discharges the buyer from the obligation to pay the purchase price.
• B) if the sales contract involves the carriage of the goods and the seller is not obligated to hand them over at a particular destination, risk of loss passes to the buyer when the goods are handed over to the first carrier.
• C) if the sales contract does not involve carriage of the goods, the risk of loss passes to the buyer when the goods are tendered to him.
• D) All of the answers are correct.

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Definitions:

Indefinite Period

A time frame without a specified end date, often used in contracts or employment agreements to indicate open-ended duration.

Exclusive Right

A privilege given to an individual or entity to be the sole provider or beneficiary of a certain service, product, or right, often for a specific period.

State And Local

Pertains to governance, laws, and administrative matters that are specific to individual states or localities within a country.

Implied Warranty

A legal term for the assurance that a product is fit for its intended purpose, even if not explicitly stated at the time of sale.