what set of uniform rules established by the united nations governs the formation of international sales contracts and explains the rights and obligations of the buyer and the seller? multiple choice question. sarbanes-oxley act foreign contract practices act convention on the international sale of goods general agreement on tariffs and trade

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21-10-2022
Business

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what set of uniform rules established by the united nations governs the formation of international sales contracts and explains the rights and obligations of the buyer and the seller? multiple choice question. sarbanes-oxley act foreign contract practices act convention on the international sale of goods general agreement on tariffs and trade

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akankshasharma92 akankshasharma92 · Answer 1 · 2022-10-25T14:07:33-04:00

Set of uniform rules established by the united nations governs the formation of international sales contracts of the buyer and the seller Convention on the International Sale of Goods.

The United Nations Convention on Contracts for the International Sale of Goods (Vienna, 1980) (CISG), which was the culmination of UNCITRAL's work on uniform sales law, is not only a widely ratified treaty but also the model for numerous regional and national legislation. The CISG, which addresses both contract formation and party obligations, carefully weighs the interests of the buyer and seller and offers a wide range of remedies in the event of non-performance. The Convention on the Limitation Period in the International Sale of Goods is an addition to the CISG that deals with a difficult and important area of sales law that is subject to vastly diverse treatment in various legal systems.

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