Which of the following is true of the CISG's risk allocation between parties of a contract?
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.
C
You might also like to view...
Christian Louboutin is a footwear designer who launched his line of high-end women's shoes in France in 1991. Since 1992, his designs have incorporated the shiny, red-lacquered soles that have become his signature
These red-lacquered soles and high stilettos of Louboutin distinguish him from other designer shoe brands. In accordance with the BrandAsset® Valuator model, which of the following components of brand equity has Louboutin fulfilled in this scenario? A) energized differentiation B) relevance C) esteem D) knowledge E) advantage
The bank on which a check is drawn is the depositary bank.
Answer the following statement true (T) or false (F)
The slope of the line labeled "C" in the diagram is:
A) order rate. B) rate of inventory demand. C) production rate. D) shipping rate.
Bankruptcy proceedings are held in federal bankruptcy courts.
Answer the following statement true (T) or false (F)