Which of the following establishes a uniform set of rules governing ce

QUESTION

Which of the following establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations?

A. Contracts for the International Sale of Goods

B. Bill of Exchange

C. United Nations Charter

D. International Forwarding Agent Contract

E. International Promissory Note

ANSWER

A
When contract disputes arise in international trade, there is always the question of which country’s laws to apply. To resolve this issue, a number of countries have ratified the United Nations Convention on Contracts for the International Sale of Goods (CIGS) which establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations.