Which of the Following Is True Regarding Convention on Contracts

question 53

Multiple Choice

Which of the following is true regarding Convention on Contracts for the International Sale of Goods (CISG) ?

• A)The CISG governs only the formation of a sales contract and the rights and duties that arise from it.
• B)The CISG is concerned with the validity of a contract that would be governed by other laws.
• C)The CISG applies to the liability of the seller for death or personal injury caused by the goods to any person.
• D)The CISG applies to auctions sales,sales of stocks,securities,negotiable instruments or money.

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Definitions:

Organizational Growth

The process through which a business expands its size, scope, or capabilities, often measured in terms of increased output, sales, or market share.

Entrepreneur

An individual who starts and runs a business, taking on financial risks with the aim of making a profit.

Matrix Structure

An organizational configuration that combines elements of both functional and divisional structures, allowing for flexibility and efficient resource utilization by having employees report to multiple managers.

Functional Managers

Managers responsible for specific business functions that provide guidance and resources to ensure organizational goals are met.