Which of the following statements is true about contracts on the sale of goods?
A) The substantial performance doctrine is applied to the international sale of goods.
B) The buyer must generally give notice to the seller of any defect in the goods and then allow the seller a reasonable time to cure the defect.
C) If the goods or tender of delivery fail to conform to the contract in any respect, the buyer cannot accept or reject any number of units he chooses to.
D) According to the United Nations Convention on the International Sale of Goods (CISG), the failure to deliver goods is sufficient to show an exception to the perfect tender rule.
B
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An exchange rate of ¥117.87/$ indicates ________
A) that 117.87 yen buys one dollar B) that 117.87 dollars buys one yen C) a direct quote on the dollar D) an indirect quote on the yen
Which of the following do banks hold as insurance against the high cost of deposit outflows?
A) Excess reserves B) Secondary reserves C) Bank equity capital D) All of the above E) Only A and B of the above