MARK 493 Lecture Notes - Lecture 8: Contract, United Nations Convention On Contracts For The International Sale Of Goods, Uniform Act
4 Apr 2018
School
Department
Course
Professor
Document Summary
Over time, civil law countries have modified their code law with court decisions civil and common law is growing more alike. Always remember that the laws of no 2 countries are ever identical. They look at court cases, they look at laws. Contract a legally binding agreement between two or more parties for a particular purpose. Contracts can also be unenforceable if a defect like undue influence, duress, mistake or. If the terms of a contract aren"t honored or fully performed, the innocent party can sue for. It"s important to understand trade terms: fob (freight on board) the seller will deliver goods onto carrier, cif (cost insurance freight) seller pays transportation and insurance. Incoterms internationally accepted commercial terms that clarify task, costs and risks in international delivery of goods. The convention on contracts for the inernational sale of goods. The cisg provides a uniform law of sales in international goods transactions.
