Which of the following is true of the CISG's risk allocation between parties of a contract?
A. If a seller fails to take delivery, then the buyer has to assume the risk for any damage to the goods after that time.
B. The CISG defines some trade terms, which can be used by the parties to allocate risk among themselves.
C. It allows parties to use Incoterms for risk allocation.
D. The CISG's risk allocation is affected by breach of contact.
C
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What is only completed when the option is exercised by the tenant/optionee?
a. Purchase agreement b. Recording of deed c. Payment of down payment d. Payment of option fee
Which of the following is an example of a private carrier?
A) MET is a transporter that operates only in the Chicago area and charges fixed prices. B) BCL is a family firm that owns only three trucks, but takes small orders for transport. C) VTV owns a fleet of trucks and transports goods for any client for a fee. D) COM is a shipping firm that transports goods by road and rail across the U.S. E) BEL Inc. manufactures parts for automobiles and transports its products to customers itself.