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1 A store places an ad in a newspaper that read: “ The first person in our store on Washington’s Birthday will receive $100 toward the purchase of an appliance.” Courts would probably hold this to be .
A an offer because it is addressed to an identifiable individual, not the general public.
B an invitation to make offers because it does not indicate who the first person is.
C an acceptance because it has made a commitment to the first person in the store.
D not an offer because it did not state the place and the date of payment.
2 CISG keeps silent on :
A. Validity of the contract
B Obligations of the parties
C Breach and remedy
D Formation of the contract
3 Which of the following transactions is (are) not governed by CISG ?
A Auction of a car led by the court
B Transfer of patent
C Sale of a plane
D Sale of oil
4 On May 1st , A sent an offer to B to sell X goods. On May 7th, the market price of X goods was increased and higher than the price the offer proposed. On the same day, A sent a notice of revocation. It arrived to B on May 9th. However, B sent an acceptance to A on May 8th. It arrived to A on May 10th. If CISG is applied, should be considered that .
A the contract was concluded on May 8th , since B’s acceptance was sent on this day.
B the contract was concluded on May 10th, since B’s acceptance arrived to A on this day.
C there is no contract was established, because A’s offer has been revoked until B’s acceptance arrived to A
D there is no contract was established, because ultimately the minds of A and B did not meet
5 According to CISG, one of the parties of a contract may declare the contract avoided , .
A if the other party has committed fundamental breach of the contract.
B if prior to the date for performance of the contract it is clear that the other party will commit a fundamental breach of contract, even if time allows t
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