Exam 10: Sales

The Convention Relating to a Uniform Law on the International Sale of Goods (ULIS) supersedes the United Nations Convention on Contracts for the International Sale of Goods (CISG).

The subjective intent approach differs from the objective intent approach in that the subjective intent approach _______.

Which of the following is true of the remedy of avoidance used by an injured party of a contract?

To determine if CISG applies to a particular contractual issue, one must look to the convention itself. If the convention does apply, domestic law is preempted. This means that ________.

________ is a remedy available to either party when it becomes clear that the other party will commit a fundamental breach.

Which of the following is true of the buyer's remedies under the CISG?

The CISG only governs contracts of international sales.

Which of the following is necessitated once the passage of risk has been completed?

The ________ is a rule that contracts should be interpreted according to the understanding that a reasonable person would have had at the time the agreement was made.

Which of the following types of transactions would be included in the purview of the CISG?

Transactions involving auction sales come under the purview of the CISG.

Why are auction sales and sales "otherwise by authority of law" excluded from the CISG?

If a contract requires the seller to deliver the goods to a carrier at a named place, who will then carry the goods to the buyer, the risk of loss passes to the buyer ________.

In which of the following cases can anticipatory avoidance be claimed?

________ are contracts that require the seller to deliver the goods to a carrier for further transfer and do not require the seller to deliver them to a particular place.

If an offer is oral, the acceptance must be made immediately, unless the circumstances indicate otherwise.

With regard to the promise of irrevocability, the CISG differs from the UCC in that the CISG ________.

CISG may apply even if the buyer's and seller's places of business are not in a contracting state.

The force majeure excuse can be used only as long as the underlying impediment continues in existence.

The UN's Convention on Contracts for the International Sale of Goods (CISG) differs from the Convention Relating to a Uniform Law on the Formation of Contracts for the International Sale of Goods (ULF) in that the CISG ________.