unit 2 - Quest 2 out of 2 points ion 1 To use the concept...

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Quest ion 1 2 out of 2 points To use the concept of impossibility of performance as an excuse for nonperformance of a contract requires that the performance be objectively impossible. Selected Answer:
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Questio n 2 2 out of 2 points A states to B, “Within the next month, I will be placing an order for 100 Model A computers, so please give me your best price.” B replies, “I will sell you this model computer for $500 each.” A enters into a contract to sell the computers to C for a profit. Three weeks later, B refuses to sell the computers to A. Under the CISG: Selected Answer: Questio n 3 2 out of 2 points The CISG makes no provision for “trade usages” since everything is defined. Selected Answer: Questio n 4 2 out of 2 points The Convention on Contracts for the International Sale of Goods (CISG) was developed to give U.S. business an advantage in international sales contracts. Selected Answer: Questio n 5 2 out of 2 points In the People's Republic of China, domestic contract law serves largely to enforce commitments made between state agencies. Selected Answer: Questio n 6 2 out of 2 points Price reduction is not available as a buyer's remedy for the seller's breach under the CISG if: Selected Answer:
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Questio n 7 2 out of 2 points Cultural influences play an insignificant role in the way people approach contract negotiations and contract drafting. Selected Answer: Questio n 8 2 out of 2 points Socialist law is less flexible and more mechanical than the common law. Selected Answer: Questio n 9 2 out of 2 points A seller in France has a disagreement over a sales contract with a U.S. buyer. The case could be heard in either country. If the French seller starts looking for the best or most favorable court to have his case heard, it is known as: Selected Answer: Question 10 2 out of 2 points The CISG says that the remedy of specific performance is allowed where the domestic laws of a country allow such a remedy. Selected Answer: Question 11 2 out of 2 points All of the following are remedies available under CISG except : Selected Answer:
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12 2 out of 2 points Both the U.S. and France have ratified the Convention on Contracts for the International Sale of Goods (CISG). A buyer in France and a seller in the U.S. enter into a contract for the sale of widgets. If a dispute arises: Selected Answer: Question 13 2 out of 2 points In an international transaction, the seller risk is called “credit risk” and the buyer's risk is called “delivery risk.” Selected Answer: Question 14 2 out of 2 points Under the terms “Ex Factory,” the seller is responsible for transporting the goods to the buyer's factory. Selected Answer: Question 15 2 out of 2 points Bills of lading are negotiable instruments but cannot be used as collateral for an outstanding debt. Selected Answer:
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This note was uploaded on 01/25/2011 for the course BLAW 3361 taught by Professor Bl during the Spring '10 term at Texas Brownsville.

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unit 2 - Quest 2 out of 2 points ion 1 To use the concept...

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