LAW 724 Lecture Notes - United Nations Convention On Contracts For The International Sale Of Goods, Most Favoured Nation, Inequality Of Bargaining Power

• School: Ryerson University
• Department: Law and Business
• Course: LAW 724
• Professor: Doesn'tteachanymore

Document Summary

Contract law deals with the rights and obligations of parties to a legally binding agreement. Tort law deals with the rights and obligations of businesses that sell products which could cause harm no contract between the business and the injured party is required for damages to be awarded. If two companies whose places of business are in contracting states to the cigs wish to ensure that the. Must specifically exclude the cisg and state applicable law. You are entering into a legal agreement with a company located in germany. Germany is a cisg country, so the governing law would be automatically cisg unless specifically excluded in agreement. The risk for canada would be that canadian companies aren"t very familiar with the cisg so the german company would probably be favoured. A customer enters a store, sees a display of goods on sale for 20%, takes one to the counter and requests to buy it.