Asked by Sydney Horton on May 20, 2024
Verified
Under the CISG, what are the damages for breach of contract by one party? Does the aggrieved party have any responsibilities after the breach occurs?
CISG
The United Nations Convention on Contracts for the International Sale of Goods, a set of rules governing the sale of goods between businesses located in different countries.
Damages
Compensation sought or awarded in a lawsuit for harm or injury caused by the wrongdoings of another party.
Breach of Contract
The violation of any agreed-upon terms or conditions in a contract, which may result in legal consequences for the offending party.
- Distinguish between the Uniform Commercial Code and the International Sales of Goods Convention in terms of the seller's remedies.
- Comprehend the reasoning for the remedies provided by the Code for breaches in sales contracts and their execution.
Verified Answer
Learning Objectives
- Distinguish between the Uniform Commercial Code and the International Sales of Goods Convention in terms of the seller's remedies.
- Comprehend the reasoning for the remedies provided by the Code for breaches in sales contracts and their execution.
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