Why are auction sales and sales "otherwise by authority of law" excluded from the CISG?
What will be an ideal response?
Auction sales, sales on execution, and sales "otherwise by authority of law" are excluded because of the uniqueness of the transactions involved. Auction sales present problems in determining when the contract was formed. Executions and other kinds of forced sales do not involve the negotiation of terms by the parties. Special local laws govern these sales, and the CISG does not disturb that arrangement.
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Answer the following statements true (T) or false (F)
1.Relatively low wages in Mexico make it impossible for U.S. manufacturers of labor-intensive goods to compete against Mexican manufacturers. 2.According to the infant-industry argument, temporary tariff protection granted to an infant industry will help it become competitive in the world market. When international competitiveness is achieved, the tariff should be removed. Exhibit 4.2 In the absence of international trade, assume that the equilibrium price and quantity of motorcycles in Canada is $14,000 and 10 units respectively. Assuming that Canada is a small country that is unable to affect the world price of motorcycles, suppose its market is opened to international trade. As a result, the price of motorcycles falls to $12,000 and the total quantity demanded rises to 14 units; out of this total, 6 units are produced in Canada while 8 units are imported. Now assume that the Canadian government levies an import tariff of $1,000 on motorcycles. With the tariff, 8 units are produced in Canada and quantity demanded is 12 units. 3.Refer to Exhibit 4.2. As a result of the tariff, the price of imported motorcycles equals $13,000 and imports total 4 cycles. 4.Refer to Exhibit 4.2. The tariff leads to an increase in Canadian consumer surplus totaling $11,000. 5.Refer to Exhibit 4.2. The tariff's redistribution effect equals $1,000.
________ needs are the operational needs related to the engineering aspect of making the product
A) Primary B) Secondary C) Tertiary D) Biological
Which of the following characterizes the maturity stage of the product life cycle?
A) competition is intense and the products are fairly similar in terms of their characteristics B) new competitors rapidly enter the market and product growth increases C) potential consumers are unaware of the features and benefits of the product D) competition begins to exit the category rapidly to find other sources of investments
Firewalls are security systems comprised of hardware and software that is built using routers, servers, and a variety of software.
Answer the following statement true (T) or false (F)