Which of the Following Is Correct Regarding the CISG

question 26

Multiple Choice

Which of the following is correct regarding the CISG?

• A)Its fundamental goal is to unify and codify the law on sale of goods among contracting parties from different states in the United States.
• B)It provides rules governing the formation of international contracts and regulates the transfer of goods under those contracts.
• C)It focuses on which terms of the offer and acceptance are the same.
• D)It applies to commercial and consumer transactions.

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Definitions:

Alternative Hypothesis

In statistical analysis, it suggests that there is a statistically significant relationship between variables, opposing the null hypothesis.

Sample Data

Data collected from a subset of a larger population, used to make inferences or predictions about the population as a whole.

SRS

Simple Random Sampling, a statistical method wherein each member of a population has an equal chance of being selected for the sample.

Sign Test

A non-parametric test used to determine if there is a significant difference between paired observations, relying on the direction of differences rather than their size.