Explain the seller's remedy of avoidance of installment contracts
What will be an ideal response?
The CISG's rule for avoiding installment contracts uses the same logic found in its other avoidance provisions. First, as to a particular installment, if there was a "fundamental breach with respect to that installment," then "the other party may declare the contract avoided with respect to that installment." Second, if the breach of one installment gives a party "good grounds" to believe that a fundamental breach of later installments "will occur," then those later installments may be anticipatorily avoided. Finally, if the installments are interdependent, a fundamental breach of one installment will allow a party to avoid the entire contract.
You might also like to view...
Discuss under which scenario it is appropriate to use free cash flows for all debt and equity capital stakeholders
______ checks include not only calls to references that are provided by the applicant, but also reference letters from employers, personal letters of recommendation, and possibly cold calls to previous employers.
A. Credit B. Reference C. Web D. Criminal background
Deciding the key message of a speech is what step in the speech preparation process?
a. Determining the general purpose b. Analyzing the audience c. Planning how to get out of the speech assignment d. Organizing the speech e. Identifying the central idea
Which is a benefit of finding a calling?
A. fosters perseverance B. equips us for service to others C. increases personal sense of satisfaction D. all of these