The CISG Specifically Excludes Sales of Which of the Following

question 95

Multiple Choice

The CISG specifically excludes sales of which of the following?

• A)Goods bought for personal, family, or household use.
• B)Ships or aircraft.
• C)Electricity.
• D)All of the above.

Assess the impact of external factors on market prices and quantities.

Comprehend the relationship between price changes and quantity demanded or supplied.

Evaluate the influence of cost changes on supply and market outcomes.

Understand the effects of supply and demand shifts in various market scenarios.

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Definitions:

Arbitration

A method of dispute resolution where a neutral third party makes a binding decision to resolve a conflict outside of court.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties find a mutually acceptable solution.

Dispute Resolution

A process through which disagreements or conflicts are resolved, often involving negotiation, mediation, arbitration, or litigation.

Parties

Individuals or entities that enter into a legal agreement or are engaged in a lawsuit.