Who will prevail in the following scenarios applying the CISG? Would your answer change if the parties selected the UCC pursuant to a choice of law clause? Please provide a short explanation for each of your answers. Scenario An attempt by an American
buyer to introduce evidence of preliminary negotiations in order to interpret a written contract in a breach of contract case against an Italian seller.
Utilizing the CISG, the American buyer may prevail as the CISG permits the interpretation of contracts utilizing verbal agreements, past dealings between the parties and customs of which the parties knew or should have known. Utilizing the UCC parol evidence rule, the Italian seller may prevail. The parol evidence rule prevents the introduction into evidence of preliminary negotiations for the purpose of altering the terms of an unambiguous contract.
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Mark Industries uses the straight-line depreciation method. One asset had been purchased for $11,000. Annual depreciation expense was $2,000 after considering residual value of $1,000. What was the estimated useful life of the asset?
A) 5.50 years B) 5.00 years C) 10.00 years D) 11.00 years
Compare the three business-to-business buyclasses
What will be an ideal response?
Branding is less critical for nonprofit organizations because they do not have to generate profits or satisfy customers' needs with products.
Answer the following statement true (T) or false (F)
A good situation analysis is usually expensive and takes more time, compared with more formal research efforts such as a large-scale survey.
Answer the following statement true (T) or false (F)