Asked by Syecia Johnson on Apr 27, 2024
Verified
Which of the following statements is true about the UCC and the CISG?
A) Only the UCC provides guidance in international litigation.
B) The CISG requirements for the statute of frauds are more lenient than those under the UCC.
C) Only the UCC covers offer and acceptance.
D) The CISG requirements for the statute of frauds are the same as those under the UCC.
E) The UCC preempts the CISG because all states have adopted the UCC in some form.
Statute Of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the parties to be enforceable.
UCC
Refers to the Uniform Commercial Code, which is a broad collection of regulations that oversee all commercial dealings within the United States.
CISG
The International Sale of Goods Convention by the United Nations, a global treaty that creates a standardized structure for international trade.
- Differentiate between the UCC and other legal frameworks, such as the CISG and UCITA, concerning contract law.
Verified Answer
IM
Idalia MoralesApr 28, 2024
Final Answer :
B
Explanation :
The CISG (United Nations Convention on Contracts for the International Sale of Goods) has more lenient requirements for the statute of frauds than the UCC (Uniform Commercial Code), often not requiring a written contract for the sale of goods to be enforceable, unlike the UCC which generally requires a writing for sales of goods valued at $500 or more.
Learning Objectives
- Differentiate between the UCC and other legal frameworks, such as the CISG and UCITA, concerning contract law.