Explain the seller's remedy of avoidance of installment contracts
What will be an ideal response?
The CISG's rule for avoiding installment contracts uses the same logic found in its other avoidance provisions. First, as to a particular installment, if there was a "fundamental breach with respect to that installment," then "the other party may declare the contract avoided with respect to that installment." Second, if the breach of one installment gives a party "good grounds" to believe that a fundamental breach of later installments "will occur," then those later installments may be anticipatorily avoided. Finally, if the installments are interdependent, a fundamental breach of one installment will allow a party to avoid the entire contract.
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Four states do not require people who sell insurance to be licensed
Indicate whether the statement is true or false
Organizational purchasing differs from consumer purchasing in that organizational purchasing ________
A) is influenced more by subconscious and emotional factors B) usually involves closer relationships between buyers and sellers C) has lower complexity in product usage D) lacks a formal buying process E) is less clearly driven by economics