The United Nations Convention on Contracts for the International Sale

question 21

Multiple Choice

The United Nations Convention on Contracts for the International Sale of Goods (CISG) considers a contract to have been accepted

• A) when most of the items in the seller's offer are agreed to.
• B) when there has been a counter-offer.
• C) when both parties agree to the basic parts of the contract, except for details like price, payment, quality and quantity of goods, shipping instructions, and liability.
• D) if the contract is valued at above U.S. $ 500 and is in writing.
• E) None of the above

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Definitions:

Workers

Individuals engaged in a job or employment, contributing labor to an organization for wages.

Perform

To carry out, execute, or conduct an action or task.

Economic Quantity

Economic quantity refers to the optimized number or amount of goods that can be produced or purchased at the lowest total cost, considering factors like order costs and holding costs.

Bulk Order

A large quantity purchase, often at a discounted rate, typically exceeding the standard order size.