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CISG
A ratifying state may decide to apply the CISG
CISG stands for
CISG
18 terms
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CISG
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Questions
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Answers
1
CISG stands for
UN Convention for the International Sale of Goods
UNConvention on Contracts forthe International Sale of Goods
UN Convention on Contracts for the Sale of Goods
Convention on Contracts for the International Sale of Goods
2
A ratifying state may decide to apply the CISG
only if buyer and seller are both from contracting states.
only as per CISG rules articles 1.1.a. and 1.1.b.
3
The CISG was developed by
WTO
UNCITRAL
UNIDROIT
ICC
4
The CISG applies to contracts of sale of goods
Not only when the States are Contracting States
Only when the States are Contracting States
5
The CISG came into force into
1988
1977
1987
1998
6
The purpose of the CISG (which one is incorrect)?
decrease transaction costs
enhance predictability and certainty
reduce legal obstacles to international trade
oversimplify trade laws
7
The CISG allows contracting States to lodge reservations
No
Yes
8
When private parties agree on the law that will govern their transaction
The CISG cannot apply
It is not allowed
The CISG must apply regarless
It is called party autonomy
9
The CISG allows exporters to avoid:
choice of goods to sell issues
choice of commercial terms issues
choice of jurisdiction issues
choice of law issues
10
Sale between a seller located in the US and a buyer located in the Thailand
CISG does apply
CISG does not apply
11
How many states have ratified the CISG?
89
88
84
85
12
Thailand is a contracting state to the CISG
No
Yes
13
The CISG applies between parties
whose places of business are in different States
whose places of business are in the same States
14
The CISG applies to
personal, family, or household goods
ships, aircraft
services
commercial goods and products
15
The CISG supplants domestic law with respect to a transaction in goods
unless one party wishes so
yes
no
unless excluded by the express terms of a contract
16
If both parties are from contracting states
They can exclude the application of the CISG
They cannot exclude the application of the CISG
17
The objective of the CISG is to
Unify international arbitration law
Unify international sales law
Unify international commercial law
Unify the law of international business transactions
18
Parties may exclude only part of the application of the CISG
Correct
Incorrect
