A Contract Between Parties Residing in Different Countries Is Subject

question 5

True/False

A contract between parties residing in different countries is subject to United Nations Convention on Contracts for the International Sale of Goods.

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Definitions:

Merchantability

A guarantee that a product will meet reasonable expectations of quality and usability for its intended purpose when sold.

Implied Warranty

A legal term referring to the assurances that a product will perform as expected, even though not explicitly stated by the seller.

Fitness

A state of health and well-being, often achieved through regular physical activity, proper nutrition, and adequate rest.

Suitable Goods

Products that meet a buyer's requirements and are fit for the intended purpose, adhering to descriptions or samples shown at the time of sale.