Asked by Liliana Tiznado on May 26, 2024
Verified
Within its scope of applicability,the CISG has eliminated the statute of frauds.
Statute of Frauds
The Statute of Frauds is a legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be enforceable.
CISG
The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform and fair regime for contracts for the international sale of goods.
- Identify the differences between how federal law and the Uniform Commercial Code oversee transactions.
Verified Answer
MC
Mallory CoelhoMay 28, 2024
Final Answer :
True
Explanation :
The United Nations Convention on Contracts for the International Sale of Goods (CISG)has eliminated the statute of frauds writing requirement.The CISG requires only credible and reasonable proof that a contract exists,regardless of whether proof is documented or verbal.
Learning Objectives
- Identify the differences between how federal law and the Uniform Commercial Code oversee transactions.
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