Question 1

The CISG requires that all contracts should be in writing.

Accepted Answer

A) True 
 B)False

Question 2

Using the ________ method of interpreting a statute would require understanding the legislative history leading up to the adoption of that statute.

Accepted Answer

A)  nolo contendere 
B)  force majeure 
C)  de minimis 
D)  travaux préparatoires 
A)  nolo contendere 
B)  force majeure 
C)  de minimis 
D)  travaux préparatoires

Question 3

Which of the following makes an offer effective?

Accepted Answer

A)  when the offeror makes the proposal 
B)  when it reaches the offeree 
C)  when it mentions a fixed price for the goods 
D)  when it is addressed to the public 
A)  when the offeror makes the proposal 
B)  when it reaches the offeree 
C)  when it mentions a fixed price for the goods 
D)  when it is addressed to the public

Question 4

The doctrine of consideration does not apply to the CISG.

Accepted Answer

A) True 
 B)False

Question 5

CISG deals with the questions related to the legality of a contract.

Accepted Answer

A) True 
 B)False

Question 6

The force majeure excuse becomes applicable in the event of a natural disaster.

Accepted Answer

A) True 
 B)False

Question 7

Investment securities come under the purview of the CISG.

Accepted Answer

A) True 
 B)False

Question 8

The ________ states that a statute or treaty is to be interpreted only from the words contained within the statute or treaty.

Accepted Answer

A)  foreseeability test 
B)  Ultravires rule 
C)  plain meaning rule 
D)  per se rule 
A)  foreseeability test 
B)  Ultravires rule 
C)  plain meaning rule 
D)  per se rule

Question 9

Which of the following statements is true regarding the acceptance of an offer?

Accepted Answer

A)  If the offer is oral, the acceptance must be communicated to the offeror within 2 months of receiving the offer. 
B)  An offeree must express assent in the form of writing. 
C)  Silence or inactivity, in and of itself, constitute acceptance. 
D)  Acceptance must be received by the offeror within the time period specified in the offer. 
A)  If the offer is oral, the acceptance must be communicated to the offeror within 2 months of receiving the offer. 
B)  An offeree must express assent in the form of writing. 
C)  Silence or inactivity, in and of itself, constitute acceptance. 
D)  Acceptance must be received by the offeror within the time period specified in the offer.

Question 10

A party can claim the excuse of ________ if he or she can prove that the failure to perform on his or her part was due to an event or effect that could not be reasonably anticipated or controlled.

Accepted Answer

A)  dirty hands 
B)  Nachfrist notice 
C)  force majeure 
D)  nolo contendere 
A)  dirty hands 
B)  Nachfrist notice 
C)  force majeure 
D)  nolo contendere

Question 11

Which of the following features is covered in the CISG?

Accepted Answer

A)  rights of the parties involved in the sale of stocks and shares 
B)  the remedies available to the buyer 
C)  the competency of the third parties 
D)  the rights of third parties 
A)  rights of the parties involved in the sale of stocks and shares 
B)  the remedies available to the buyer 
C)  the competency of the third parties 
D)  the rights of third parties

Question 12

Explain the seller's remedy of avoidance of installment contracts.

Accepted Answer

The CISG's rule for avoiding installment

Question 13

Suspension of performance is a remedy exclusively available to the seller.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is true of the CISG's risk allocation between parties of a contract?

Accepted Answer

A)  If a seller fails to take delivery, then the buyer has to assume the risk for any damage to the goods after that time. 
B)  The CISG defines some trade terms, which can be used by the parties to allocate risk among themselves. 
C)  It allows parties to use Incoterms for risk allocation. 
D)  The CISG's risk allocation is affected by breach of contact. 
A)  If a seller fails to take delivery, then the buyer has to assume the risk for any damage to the goods after that time. 
B)  The CISG defines some trade terms, which can be used by the parties to allocate risk among themselves. 
C)  It allows parties to use Incoterms for risk allocation. 
D)  The CISG's risk allocation is affected by breach of contact.

Question 15

Contracts for goods to be manufactured are treated by the CISG as sales of goods unless the buyer undertakes to supply a substantial part of the materials.

Accepted Answer

A) True 
 B)False

The CISG requires that all contracts should be in writing.

Using the ________ method of interpreting a statute would require understanding the legislative history leading up to the adoption of that statute.

Which of the following makes an offer effective?

The doctrine of consideration does not apply to the CISG.

CISG deals with the questions related to the legality of a contract.

The force majeure excuse becomes applicable in the event of a natural disaster.

Investment securities come under the purview of the CISG.

The ________ states that a statute or treaty is to be interpreted only from the words contained within the statute or treaty.

Which of the following statements is true regarding the acceptance of an offer?

A party can claim the excuse of ________ if he or she can prove that the failure to perform on his or her part was due to an event or effect that could not be reasonably anticipated or controlled.

Which of the following features is covered in the CISG?

Explain the seller's remedy of avoidance of installment contracts.

Suspension of performance is a remedy exclusively available to the seller.

Which of the following is true of the CISG's risk allocation between parties of a contract?

Contracts for goods to be manufactured are treated by the CISG as sales of goods unless the buyer undertakes to supply a substantial part of the materials.

Introduction to International and Comparative Law

State Responsibility and Environmental Regulation

Dispute Settlement

The Multinational Enterprise

Foreign Investment

Money and Banking

Trade in Goods

Services and Labor

Intellectual Property

Transportation

Financing

Filters

Exam 10: Sales

The CISG requires that all contracts should be in writing.

Using the ________ method of interpreting a statute would require understanding the legislative history leading up to the adoption of that statute.

Which of the following makes an offer effective?

The doctrine of consideration does not apply to the CISG.

CISG deals with the questions related to the legality of a contract.

The force majeure excuse becomes applicable in the event of a natural disaster.

Investment securities come under the purview of the CISG.

The ________ states that a statute or treaty is to be interpreted only from the words contained within the statute or treaty.

Which of the following statements is true regarding the acceptance of an offer?

A party can claim the excuse of ________ if he or she can prove that the failure to perform on his or her part was due to an event or effect that could not be reasonably anticipated or controlled.

Which of the following features is covered in the CISG?

Explain the seller's remedy of avoidance of installment contracts.

Suspension of performance is a remedy exclusively available to the seller.

Which of the following is true of the CISG's risk allocation between parties of a contract?

Contracts for goods to be manufactured are treated by the CISG as sales of goods unless the buyer undertakes to supply a substantial part of the materials.

Introduction to International and Comparative Law

State Responsibility and Environmental Regulation

Dispute Settlement

The Multinational Enterprise

Foreign Investment

Money and Banking

Trade in Goods

Services and Labor

Intellectual Property

Transportation

Financing

Filters