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Which of the Following Statements Are True

question 72

Multiple Choice

Which of the following statements are true?


Definitions:

Prompt Shipment

The process of quickly and efficiently sending goods to a buyer shortly after receiving the order.

Acceptance

A term used in contract law, acceptance refers to the act of agreeing to the terms of an offer, thereby creating a binding contract.

Canceled

The act of formally terminating or voiding an agreement, contract, policy, or event.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that governs the sale of goods between parties in different countries.

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