Freight Forwarding WK 3

Whenever a contract is established between two parties in the same country, the law governing the execution of this contract is determined by that country’s legal system.

• True

• False

Whether or not a sales contract is international is always self-evident.

• True

• False

Under the Uniform Commercial Code (UCC), when a buyer agrees to an offer made by a seller, but indicates a desire for a different schedule of delivery or term of payment, such a response is considered to be a rejection of the offer.

• True

• False

Under the Uniform Commercial Code, an offer can be withdrawn at any time, without prejudice.

• True

• False

The “perfect tender” principle means delivered goods must exactly conform to the goods contracted and delivered within the framework specified in the contract.

• True

• False

An agent can negotiate prices, delivery, or other sales terms with the buyer (importer) without direction from the exporter.

• True

• False

Agreements between an exporter and an agent and agreements between an exporter and a distributor are called distribution contracts.

• True

• False

In most Middle Eastern countries, agents and distributors are not required to be nationals of the country.

• True

• False

Normally, contracts between parties who speak different languages from each other can be written in both or all of their languages, and the contracts will have equal weight.

• True

• False

A contract is entered in good faith when neither of the parties has any other ulterior motive about the agreement.

• True

• False