Which of the Following Is False Regarding the Convention on Contracts

question 43

Multiple Choice

Which of the following is false regarding the Convention on Contracts for the International Sale of Goods?

• A)It applies to transactions involving the commercial sale of goods.
• B)The United States has adopted the Convention on Contracts for the International Sale of Goods.
• C)National contract law applies in areas not covered by the Convention on Contracts for the International Sale of Goods.
• D)The Convention on Contracts for the International Sale of Goods has been ratified by the majority of states in the developed world.
• E)The Convention on Contracts for the International Sale of Goods was adopted in 2000.

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Definitions:

Warrants

Financial derivatives that give the holder the right, but not the obligation, to buy or sell a security—most commonly equity—at a predetermined price before a specified date.

Bonds

Fixed income securities that represent a loan from an investor to a borrower, typically corporate or governmental, with terms including the interest rate and repayment date.

Privately Placed Bonds

Bonds that are sold directly to a small group of investors instead of being offered to the general public, often to avoid the costs and regulations of a public offering.