TIMING

THREE KEYS dates of delivery

(more than 1 correct answer)

• date of dispatch

• date of loading

• date of unloading

• date when the goods should arrive at the agreed destination

If delivery is late, the delay is classified into two categories

(more than 1 correct answer)

• acceptable

• excusable

• unacceptable

• non-excusable

How many steps do the parties often plan for the contract to come into existence

• 3

• 4

• 2

• 5

If the contract has not come into force within a certain period of time, then it becomes -------

• null and void

• defective

• disable

A grace period is the ​_______ for an obligation during which a late penalty that would have been imposed is waited

(1 phrase)

• time exceeding the deadline

• time within the deadline

• number of delivery days

• number of loading days

What is "FORCE MAJEURE"

• the time exceeding the deadline

• unavoidable events

• avoidable

  events

• the time surpassing the deadline

Three outcomes of force majeure

• resumption of delivery

• ontime delivery

• termination of the contract

• unclear and dangerous situation

If one party to a contract causes harm or loss to the other, then the law will find a way to ------- this harm or loss

How many types of "lump-sum" are there if the delivery is late

• 2

• 3

• 4

• 5

Answer explanation

There are: “Liquidated damages” & “Penalty” & Quasi-indemnity

The main differences between “Liquidated damages” & “Penalty” & Quasi-indemnity are their