The United Nations Convention on Contracts for the International Sale

question 35

Multiple Choice

The United Nations Convention on Contracts for the International Sale of Goods, with regard to cure:

• A) does not recognize cover as a seller's remedy.
• B) follows the same cure rules as stated in the UCC.
• C) allows an absolute right and obligation for a seller to cure, and the buyer must allow the seller to cure even if the time for performance is past due.
• D) requires that the seller apply to the International Court of Justice for the right to cure, and the court will evaluate each case individually.

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Definitions:

Sales Volume

The total quantity of goods or services sold by a company within a specific period.

Supply Chain Management

The oversight and management of the flow of goods and services from the point of origin to the point of consumption.

Competitive Advantage

A situation or factor that gives a business an advantage or superior standing over its rivals in the industry.

True Differentiation

The process of making a product or service stand out as unique among competitors in the eyes of the target market through real, significant differences.