The UN Convention on Contracts for the International Sales of Goods

question 34

Multiple Choice

The U.N. Convention on Contracts for the International Sales of Goods (CISG) includes provisions relating to which of the following?

• A) Interpretation and trade usage.
• B) Intellectual property rights.
• C) Obligations and remedies of sellers, but not buyers.
• D) Sharing of profits.

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Definitions:

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment or project, based on the sum of the present values of all cash flows associated with it.

Required Rate

The minimum expected return by investors to compensate for the risks of an investment.

Fast-Food Chain

A series of restaurants offering quick service and a menu of fast food items, typically operating under the same brand name.

Proposed New Product

A concept or prototype being considered by a company for development and market introduction.