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:

Listed Put Option

A put option that is traded on an official exchange, giving the holder the right but not the obligation to sell a specific asset at a set price before the option expires.

Exercise Price

The price at which the holder of an options contract can buy or sell the underlying asset.

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which in turn diminishes its price.

American Call Option

A financial derivative allowing the buyer the right, but not the obligation, to buy a specific stock or asset at a predetermined price within a certain time period.