ucc v cisg - UCC vs CIGS Comparing CISG to the Uniform...

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Unformatted text preview: UCC vs. CIGS Comparing CISG to the Uniform Commercial Code: CISG is the international counterpart to the Uniform Commercial Code and generally applies to all sales transactions where the parties have their places of business in different countries where one of the countries being the US and the other being a member of CISG. Today the CISG applies to sixty-three other nations as well, including most of the major trading nations. The CISG is based partly on the common law tradition, but is also influenced by civil law and sot law. This blend of laws often leads to principles in the CISG which differ significantly from the UCC. The Statute of frauds CISG is generally in touch with the expectations of the business community. For example, CISG abandons the U.C.C.'s approach of the statute of frauds which generally requires contracts for the sale of goods over $500 to be evidenced in writing. CISG proclaims a practical approach that recognizes freedom of contract: "A contract of sale need not be concluded in or evidenced by writing and is not subject to any other requirement as to form. It may be proved by any means, including witnesses.” Warranty Disclaimers CISG does not adhere to any formalistic rules with respect to disclaimers of warranties . Under the U.C.C., a ....
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This note was uploaded on 09/10/2009 for the course MKT 764 taught by Professor Chuckhermans during the Spring '09 term at Missouri State University-Springfield.

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ucc v cisg - UCC vs CIGS Comparing CISG to the Uniform...

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