A contract between parties residing in different countries is subject to United Nations Convention on Contracts for the International Sale of Goods.

Question

Quizplus · Accepted Answer

The United Nations Convention on Contracts for the International Sale of Goods (CISG) applies to contracts for the sale of goods between parties who have their places of business in different countries, and both countries have ratified the CISG. The primary aim of the CISG is to provide a modern, uniform, and fair regime for international sales transactions by harmonizing the law governing such transactions. As of 2021, 94 countries have ratified the CISG, including the United States, China, and the European Union.

A Contract Between Parties Residing in Different Countries Is Subject