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Under the United Nations Convention on Contracts for the International Sale of Goods (CISG), buyers have the right to receive goods that conform to the contract in terms of quality and quantity, and they are obligated to pay the agreed price in a timely manner. Sellers, conversely, have the right to receive payment for the goods sold and are obligated to deliver the goods as specified in the contract. Both parties must act in good faith and perform their contractual duties, with remedies available for breaches of these obligations. The CISG aims to provide a uniform framework for international sales, promoting fairness and predictability in cross-border transactions.
What else can I help you with?
In what year did CNinsure Inc - CISG - have its IPO?
CNinsure Inc. (CISG) had its IPO in 2007.
What is the market cap for CNinsure Inc CISG?
As of July 2014, the market cap for CNinsure Inc. (CISG) is $336,616,332.24.
Which sales are excluded from the CISG?
The United Nations Convention on Contracts for the International Sale of Goods (CISG) excludes certain types of sales from its scope. These include sales of goods for personal, family, or household use, sales of stocks, shares, and other securities, as well as sales of ships, aircraft, and other vessels. Additionally, the CISG does not apply to sales of goods bought at auction or by judicial sale. Lastly, it excludes contracts where the parties have explicitly opted out of the CISG.
What is the symbol for CNinsure Inc in NASDAQ?
The symbol for CNinsure Inc. in NASDAQ is: CISG.
What has the author Roald Martinussen written?
Roald Martinussen has written: 'Overview of International CISG Sales Law'
When did Virginia adopt the Uniform Commercial Code?
The UK has not adopted the UCC as it is a specifically American Law System and neither has it ratified the CISG, a universal standard set up by the UN. The UK has its own laws relating to sales and commerce.
Why must contract terms be sufficiently definite before a court will enforce it?
= = = "Offer must be made 'sufficiently definite' and indicate an intention to be bound in the case of acceptance: [Art. 14] UNITED NATIONS CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS (1980) [CISG] = This is in order to ensure that acceptance ratifying the offer is differentiated from that which is not definite acceptance, for example an enquiry or confirmation of offer.
