Toro,S.A.,a company based in Mexico,enters into a contract for the purchase of portable livestock fencing from United Fencing Company,which is based in the United States.This contract is governed by
A)Mexican law.
B)the provisions in the laws of both countries that are similar.
C)the Uniform Commercial Code.
D)the United Nations Convention on Contracts for the International Sale of Goods.

Question

Quizplus · Accepted Answer

The United Nations Convention on Contracts for the International Sale of Goods (CISG) is an international treaty governing the contracts for the international sale of goods. It has been ratified by both Mexico and the United States, and therefore governs the contract between Toro and United Fencing Company. The CISG provides a set of uniform rules for the formation of contracts, obligations of the parties, and remedies for breach of contract, and takes into account the common practices of international trade.

Toro,SA Company