1. According to the 1980 United Nations Convention on Contracts for the International Sale of Goods, an agreement on a price is required for a contract for the sale of goods to be valid? a. Yes, if the contract is done by writing. b. Yes, article 14 of the convention provides for it. c. No, the price is always unilaterally determined by the seller. d. No, article 50 regulates the case of the valid conclusion of a contract for the sale of goods without determination of the price. e. Yes, if the value of the contract is more than € 10.000.
1. According to the 1980 United Nations Convention on Contracts for the International Sale of Goods, an agreement on a price is required for a contract for the sale of goods to be valid?
a. Yes, if the contract is done by writing.
b. Yes, article 14 of the convention provides for it.
c. No, the price is always unilaterally determined by the seller.
d. No, article 50 regulates the case of the valid conclusion of a contract for the sale of goods without determination of the price.
e. Yes, if the value of the contract is more than € 10.000.
2. Choose a contracting State to the 1980 United Nations Convention on Contracts for the International Sale of Goods that is not bound by article 11, article 29 or Part II of the Convention that allows a contract of sale to be done in any form other than in writing:
a. Finland
b. United States of America
c. Mexico
d. Canada
e. Belarus
3. Albert is a merchant selling cars. Bob offered € 5.000 for a car which price announced by Albert was € 10.000. As Albert rejected Bob's offer, Bob said: "— Either you sell me the car for € 5.000 or I will beat you until you change your mind." Albert accepted the € 5.000 offer to avoid the beating.
Is this contract enforceable?
a. Yes, they are both adults of sound mind.
b. No, because contracts made under threats of violence are not enforceable contracts.
c. Yes, because Bob did not beat Albert.
d. No, because a merchant can not sell something for less than the price announced.
e. None of the above is correct.
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