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T or F 4. According to CISG, parties of an international sale of goods have contractual...

T or F

4. According to CISG, parties of an international sale of goods have contractual relationship at the time when the offeree receives the offer if the offer is made by statement.

( ) 5. According to CISG, the acceptance is not valid if it is made before the offer reaches the offeree.

( ) 6. Incoterms 2020 does not deal with issues such as composition of the price and the mode of payment.

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Answer #1

1. According to CISG parties of an international sale of goods have contractual relationship at the time when the offeree receives the offer, if the offer is made by statement.

This statement is True. An offer is an act of law, it has to comply with the applicable national laws.

2. According to CISG, the acceptance is not valid if it made before the offer reaches the offeree.

This statement is True. Acceptance is regulated under Articles 18 to 22. An acceptance is effective when it reaches the offeree.

3. Incoterms 2020 does not deal with issues such as compositions of the price and the mode of payment.

This statement is true. ICC has released the incoterms 2020 update of their international trade terms for the sale of goods.

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