Which of the Following Is True About the Convention on Contracts

question 9

Multiple Choice

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

• A) Under CISG, consideration is not required to form a contract.
• B) It was approved in 1942 at a diplomatic conference in Vienna.
• C) CISG includes the Statute of Frauds.
• D) The CISG applies to contracts for the sale of electricity.
• E) CISG is mandatory to parties to an international contract for the sale of goods.

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Definitions:

Reasonable Prices

Pricing that is considered fair and affordable, often in relation to the quality or availability of goods or services.

Reusable Cloth Bags

Eco-friendly bags made of fabric designed to be used multiple times, reducing plastic waste and environmental impact.

Pollution

The contamination of the natural environment, leading to harmful effects on living beings and ecosystems.

Federal Minimum Wage

The lowest legal hourly pay for most workers, as determined by national law.