To determine if CISG applies to a particular contractual issue, one must look to the convention itself. If the convention does apply, domestic law is preempted. This means that ________
A. the case will be handled by the WTO
B. the remedies provided in CISG are the only remedies available
C. the domestic law will take precedence over the CISG
D. both domestic and the CISG laws are applied together
B
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Which of the following statements regarding income sourcing is correct?
a. Everything else being equal, a larger foreign-source income decreases the foreign tax credit limitation for U.S. persons. b. Everything else being equal, a larger foreign-source income increases the foreign tax credit limitation for U.S. persons. c. Everything else being equal, a larger U.S.-source income increases the foreign tax credit limitation for U.S. persons. d. Everything else being equal, changing foreign-source income does not change the foreign tax credit limitation for U.S. persons.
SEC Regulation D took effect in 1932 and provides the basis for "safe harbor" as a private placement
Indicate whether the statement is true or false