The United Nations Convention on Contracts for the International Sale of Goods (CISG)considers a contract to have been accepted
A) when most of the items in the seller's offer are agreed to.
B) when there has been a counter-offer.
C) when both parties agree to the basic parts of the contract, except for details like price, payment, quality and quantity of goods, shipping instructions, and liability.
D) if the contract is valued at above U.S. $ 500 and is in writing.
E) None of the above

Question

Quizplus · Accepted Answer

The CISG does not consider that a contract has been accepted until both parties agree to all of its terms.It is customary for a seller to make an offer.Under the CISG,changes are considered to be a rejection of the offer made by the seller and understood as a counter-offer by the buyer,unless the terms suggested do not materially affect the contract.The CISG specifies that changes to "price,payment,quality,and quantity of the goods,place,and time of delivery,extent of one party's liability to the other-most likely to be understood as Incoterms-or the settlement of disputes are considered to alter the terms of the offer materially" and therefore that no acceptance is made in those cases.The U.S.Uniform Commercial Code (UCC),not the CISG,requires that any sales agreement above U.S.$ 500 be in writing.