Session 4 recap
Quiz
•
Other
•
University
•
Practice Problem
•
Medium
Daniela García
Used 2+ times
FREE Resource
Enhance your content in a minute
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the EXW Incoterm when does the risk transfer occur?
On track with the first carrier
At the seller's facilities
On arrival at the port of destination
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is the following information an example of an installment contract?
Buyer: TechCorp Solutions
Seller: OfficeEquip Ltd.
Goods: 100 office laptops
Total Price: $100,000
Payment Terms: $100,000 payable in full within 30 days after signing the contract.
Delivery Terms: All laptops will be delivered within 7 days after the contract is signed
Is the following information an example of an installment contract?
Buyer: TechCorp Solutions
Seller: OfficeEquip Ltd.
Goods: 100 office laptops
Total Price: $100,000
Payment Terms: $100,000 payable in full within 30 days after signing the contract.
Delivery Terms: All laptops will be delivered within 7 days after the contract is signed
Yes
No
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Do damages for breach of contract, include loss of profit?
Yes
No
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following scenarios is not considered an exception to the seller's breach of obligations?
Delays in shipments due to lack of personnel.
Cargo ship sinks
Border closures
None
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who must preserve the goods during the performance of obligations under the contract?
Buyer
Seller
Both
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