Toro, S.A., which is based in Mexico, enters into a contract for the purchase of portable livestock fencing from United Fencing Company, which is based in the United States. This contract is governed by
A) Mexican law.
B) the provisions in the laws of both countries that are similar.
C) the Uniform Commercial Code.
D) the United Nations Convention on Contracts for the International Sale of Goods.

Question

Toro, S.A., which is based in Mexico, enters into a contract for the purchase of portable livestock fencing from United Fencing Company, which is based in the United States. This contract is governed by
A) ​Mexican law.
B) ​the provisions in the laws of both countries that are similar.
C) ​the Uniform Commercial Code.
D) ​the United Nations Convention on Contracts for the International Sale of Goods.

Quizplus · Accepted Answer

The United Nations Convention on Contracts for the International Sale of Goods (CISG) is a set of rules that governs contracts for the sale of goods between parties located in different countries. Both Mexico and the United States are parties to the CISG, and therefore the contract between Toro, S.A. and United Fencing Company would be governed by the CISG.

Toro, SA S.A