Enforcing Contracts That Cross International Borders Is

question 114

Multiple Choice

Enforcing contracts that cross international borders is

• A) simply a matter of applying the local law to the contract.
• B) complicated and governed in most nations by the CISG.
• C) secondary to who has possession of the goods, regardless of title.
• D) nearly impossible, so negotiation is important.

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Definitions:

On-Delay Nonretentive Timer

An electrical control function that delays the energizing of a circuit for a set period after a signal is received, but does not retain the timing interval in case of power loss.

Retentive Timers

Timers in a PLC that retain their value even after a loss of power or when the controlling signal is turned off.