When a contract subject to CISG exceeds $500,it:

A) is enforceable without the need to be written.
B) must be written to be enforceable.
C) must be written and reviewed by attorneys for both sides.
D) must be written if the value of the contract exceeds ten percent of the net worth of a party.

Question

Andrea Orande · Accepted Answer

Final Answer : A, Explanation :  The United Nations Convention on Contracts for the International Sale of Goods (CISG) does not require contracts to be in writing to be enforceable, regardless of the contract's value.

When a contract subject to CISG exceeds $500,it:

A) is enforceable without the need to be written.
B) must be written to be enforceable.
C) must be written and reviewed by attorneys for both sides.
D) must be written if the value of the contract exceeds ten percent of the net worth of a party.

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Learning Objectives

Related questions

When a contract subject to CISG exceeds $500,it:A) is enforceable without the need to be written.B) must be written to be enforceable.C) must be written and reviewed by attorneys for both sides.D) must be written if the value of the contract exceeds ten percent of the net worth of a party.

Definitions

Learning Objectives

Learning Objectives

Related questions

When a contract subject to CISG exceeds $500,it:

A) is enforceable without the need to be written.
B) must be written to be enforceable.
C) must be written and reviewed by attorneys for both sides.
D) must be written if the value of the contract exceeds ten percent of the net worth of a party.