UNCISG Flashcards
1
Q
When does UNCISG apply?
A
applies to contracts where buyer and seller are in different states.
at least one of the states accepts the convention and is agreed at time of contract that its included
2
Q
Is nationality of party relevent?
A
No nationality is not, but location of business is important.
3
Q
What does a contract for sale of goods include?
A
- seller agrees to transfer title (ownership) of goods
- to a buyer
- in exchange for money
4
Q
What does a contract for sale of goods not include?
A
- services
- exchange of goods
- manufacture
- labour
- goods purchased for personal use
- auction goods
- goods bought by legal authority
- purchase of stocks and shares
- ships and aircraft’s
- electricity
5
Q
What two factors does an agreement consist of?
A
1) offer
2) acceptance
6
Q
What is an invitation?
A
invites other person to make an offer. not considered as acceptance
7
Q
When can an offer not be accepted?
A
- revocation
- rejection
- withdrawn
8
Q
When is an offer effective from?
A
when it is received
9
Q
What is a material alteration classed as?
A
a counter offer
