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qaws [65]
3 years ago
13

The United States and Argentina have signed the Convention on Contracts for the International Sale of Goods (CISG). Oxtron, Inc.

, a U.S. company, and Leer, an Argentinean company, have entered into a contract under which Oxtron is to ship medical devices to Leer. The contract does not include a choice of law provision. The contract will be governed by
Select one:
a. the domestic contract law of Argentina.
b. the domestic contract law of the United States.
c. the CISG.
d. the ICC.
Social Studies
1 answer:
schepotkina [342]3 years ago
3 0

Answer:

The correct answer is <em>c. the CISG (Contracts for the International Sale of Goods).</em>

Explanation:

Any international convention signed by two or more countries must contemplate the internal laws of each of the signatory countries. The convention gives a more specific legal framework on the aspects contemplated therein but cannot contradict the legal principles and parameters of the signatory countries.

In the specific case of a convention on the exchange of goods between companies in the United States and Argentina, companies belonging to both countries must carry out their operations of buying and selling products according to the legal principles and parameters established in such regulations.

In the event that one of the companies or one of the National States understood that the requirements set forth in the convention are not being met, it must establish the legal claims before the agency that the convention would have arranged for the arbitration of such situation. This body could be an international court, a binational court, a court of a third country, a court belonging to one of both countries, etc.

An important dispute recently occurred between the Argentine State and Companies based in the United States over a Sovereign Debt issue. The North American companies owned debt bonds of the Argentine national State.

As in this case it had been previously signed that any dispute would be resolved in a New York court, so it happened and the Argentine government had to accept the opinion of Judge Griesa, of New York, paying off the debt and allowing the country to leave the default in which he was previously. This is a clear example of how to proceed in situations of international legal order based on the signing of a previous treaty.

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