Baumer, a North Carolina resident, orders some furniture for his home directly from an Internet-based seller in China. No law is specified to control in case of dispute. The furniture turns out to be garbage and Baumer sues the seller. The law that will be applied is:
a. the CISG, since this is an international sale of goods
b. the law of China, since the Sino-American treaty requires that
c. the law of the U.S., since the Sino-American treaty requires that d. the U.N. Convention on Foreign Arbitral Awards
e. none of the other choices
e
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Modern Investments is a small business that focuses primarily on securities trading in South America. The company wants to issue a securities offering to the public worth $500,000. Modern Investments is:
a. exempted from registration requirements under Rule 504. b. not exempted from registration requirements under Rule 504. c. exempted from registration requirements under Rule 505. d. partially exempted from registration requirements under Rule 144.
The goal of prospecting is to build a prospect base made up of current and potential customers
Indicate whether the statement is true or false