Which of the following is true about the Convention on Contracts for the International Sale of Goods (CISG)?
A) Under CISG, consideration is not required to form a contract.
B) It was approved in 1942 at a diplomatic conference in Vienna.
C) CISG includes the Statute of Frauds.
D) The CISG applies to contracts for the sale of electricity.
E) CISG is mandatory to parties to an international contract for the sale of goods.

Question

Quizplus · Accepted Answer

Under the CISG, consideration is not required to form a contract. The CISG was approved in 1980, not 1942, and it does not include the Statute of Frauds. It generally applies to tangible goods, not electricity, and parties can opt out of its application.

Which of the Following Is True About the Convention on Contracts