Select the true statement about the Convention on Contracts for the International Sale of Goods (CISG).a.)Parties to a contract may mutually agree to follow the CISG rather than the Uniform Commercial Code (UCC).b.)The Convention is consistent with the Uniform Commercial Code (UCC) in every way.c.)The Convention is only applicable to countries in the Western Hemisphere.d.)The United States has not formally adopted the CISG.

CIGS is internationally accepted by 94 countries for sale of goods and services international While…

Select the true statement about the Convention on Contracts for the International Sale of Goods (CISG). a.) Parties to a contract may mutually agree to follow the CISG rather than the Uniform Commercial Code (UCC).

Select the true statement about the Convention on Contracts for the International Sale of Goods (CISG). a.) Parties to a contract may mutually agree to follow the CISG rather than the Uniform Commercial Code (UCC).

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter19: Financing International Trade

Section: Chapter Questions

Problem 1CT

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Question

Select the true statement about the Convention on Contracts for the International Sale of Goods (CISG).

a.)

Parties to a contract may mutually agree to follow the CISG rather than the Uniform Commercial Code (UCC).
b.)

The Convention is consistent with the Uniform Commercial Code (UCC) in every way.
c.)

The Convention is only applicable to countries in the Western Hemisphere.
d.)

The United States has not formally adopted the CISG.

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