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In: Economics

The following are case questions, please read the facts and answer: Question:(1) is there a contract...

The following are case questions, please read the facts and answer: Question:(1) is there a contract under the CISG?
(2) And why?

Solutions

Expert Solution

Contracts for the International Sales of goods (CISG) regulate the formation of contracts. The contract is between mainly through exchange of offer and acceptance. Both the parties have certain obligations. Obligations of buyers are payment of price and taking the delivery of goods and services. The obligations of sellers are delivering goods with high quality and quantity. The CISG provide rules about breach of contract.
The offer is an act which provides the proposal for concluding a contract. Acceptance can be taken as a statement or conduct. The acceptance become effective when it reach the offeror. The CISG is a middle way between common and civil law traditions which helps to achieve acceptable, efficient and suitable beneficiaries. The scope of appealing conventions and general provisions, rules regarding the formation of contracts, the rights and obligations of buyers and sellers from the contracts and the conventions regulating matters are the major parts of CISG


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