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ira [324]
2 years ago
10

If the agreement between Elijah and the Canadian buyer was never written down, could Elijah be liable to the Canadian buyer for

a breach of contract (assume the total value of the contract was over $100,000)?
A. Yes, because the CISG does not have a Statute of Frauds requirement.
B. No, because the Statute of Frauds requires all contracts for the sale of goods over $500 to be evidenced in writing to be enforceable.
C. Yes, unless the course of dealing between the parties shows that contracts were always memorialized.
D. No, because international agreements in excess of $5,000 must be written down and include material terms.
Business
1 answer:
musickatia [10]2 years ago
6 0

Answer: Yes, because the CISG does not have a Statute of Frauds requirement.

Explanation:

The CISG is an for Contracts for International Sale of Goods. The CISG is also called the Vienna Convention. The main purpose is to provide a fair, modern and uniform regime for the contract involved in the international sale of goods.

It should be noted that the CISG does not have a parol evidence or a statute of frauds. The statute of frauds means when certain kinds of contracts need to be written down and signed by the required parties as evidence.

In this case, Elijah will still be liable to the Canadian buyer for a breach of contract because the CISG does not have a Statute of Frauds requirement.

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This refers to total amount that a firm paid as a cost directly related to the sale of products.

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Because the 2018 Cost of Goods Sold equals $30,000, then, it will be adjusted according to the sales growth recorded in the subservience year.

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