CISG Presentation
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The document discusses the United Nations Convention on Contracts for the International Sale of Goods (CISG) and its implications for companies' international business. It provides an overview of the CISG, noting that it binds over 70 countries, including most of the US's largest trading partners. It also presents two case studies showing how lack of sales terms and certain distribution agreements can affect a contract's validity under the CISG versus local law. The document stresses the importance for companies to determine whether the CISG applies to their international contracts and consider relevant business, legal and risk factors when making this decision.
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The document discusses various topics related to international trade financing:
- International trade transactions involve large value, short term deals that require financing arrangements well in advance. Companies rely on intermediaries for this.
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- Common payment methods for international trade include prepayments, letters of credit, drafts, consignments, and open accounts. These methods allocate risk differently between exporters and importers.
- Other trade financing methods include accounts receivable financing, factoring, letters of credit, banker's acceptances, working capital financing, and medium-term capital goods financing.
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Performance of intl sale contract
The United Nations Convention on Contracts for the International Sale of Goods (CISG) provides a uniform framework for international sales contracts that aims to reduce transaction costs and introduce certainty. It governs contract formation, obligations of buyers and sellers, and legal remedies for breach of contract. The CISG allows parties flexibility in contract form and avoids private international law rules. It determines key rights and obligations like delivery of goods, payment, and available remedies for non-performance including suspending performance, fixing additional time, specific performance, avoidance, damages, price reduction, and more. Parties to international sales contracts may face difficulties related to insolvency, acceptance, knowledge, performance, documentation, economic and legal risks, as well as foreign exchange
Traditional vs E-contract
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Principles of wto
The WTO agreements establish principles for international trade including non-discrimination through most-favored-nation status and national treatment. They aim to promote fair competition through rules on dumping, subsidies, and intellectual property protection. The agreements cover trade in goods, services, and intellectual property through agreements like GATT, GATS, and TRIPS, with the goal of gradually liberalizing trade through negotiation and making the trading system more predictable and transparent.
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After completion of this lesson, students will be able to:
a) define offer and invitation to treat
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The document discusses the validity terms of contracts, including mutual consent, capacity, certainty of object, and lawful cause. It defines key concepts like offer and acceptance, noting an offer must be definite and communicated to create a binding promise upon acceptance. Acceptance can be expressed or implied through silence based on business customs. The parties must have capacity and mental ability to contract, the object must be possible and defined, and there must be lawful cause such as exchange of goods/services. The document also discusses principles of freedom of contract and consensus between parties to establish a valid agreement.
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The document discusses the Eurocurrency market and international banking. It defines the Eurocurrency market as involving transactions in currencies other than the country where the bank is located. Major centers include London, Luxembourg, and Frankfurt, which cover about 60% of the market. Political stability, good infrastructure, and favorable regulations are prerequisites for Eurocurrency centers. Interest rates are determined by supply and demand between banks. International banking includes foreign exchange, loans, and new activities like derivatives. Banks operate internationally through correspondent banks, representative offices, branches, subsidiaries, and consortium or global models.
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This document discusses the various ways in which a contract can be discharged, including:
1) By performance or tender of performance by both parties.
2) By mutual consent through novation, rescission, alteration, remission, waiver or merger.
3) By impossibility of performance, which can be inherent, subsequent, or due to commercial impossibility, failure of a third party, or other events.
4) By operation of law due to events such as death, insolvency, or merger.
5) By lapse of time.
6) By breach of contract, which can be an actual or anticipatory breach.
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The document discusses the doctrine of ultra vires in company law. It explains that [1] the doctrine originated to limit companies to activities stated in their memorandum and protect investors and creditors, as companies could now have limited liability; [2] an ultra vires act is beyond a company's powers while an illegal act can still be intra vires; and [3] the 1875 Ashbury Railway case established that unauthorized acts are void and cannot be ratified, firmly establishing the doctrine of ultra vires.
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The document discusses various topics related to international trade financing:
- International trade transactions involve large value, short term deals that require financing arrangements well in advance. Companies rely on intermediaries for this.
- Multinational corporations use asset and liability management across subsidiaries as well as international money markets to manage funding needs.
- Common payment methods for international trade include prepayments, letters of credit, drafts, consignments, and open accounts. These methods allocate risk differently between exporters and importers.
- Other trade financing methods include accounts receivable financing, factoring, letters of credit, banker's acceptances, working capital financing, and medium-term capital goods financing.
-
1.Basics Of Contract Act
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Documents involved in International trade, INCOTERMS, Trade and Exchange Cont...
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The document discusses key considerations for international contracts. It recommends having a formal, written contract to avoid misunderstandings. Standard elements of contracts are outlined like parties' obligations, communication methods, pricing, payment terms, and dispute resolution. International Chamber of Commerce guidelines called Incoterms are recommended for defining delivery obligations. The United Nations Convention on Contracts for International Sale of Goods provides regulations. Overall, the document stresses the importance of a well-drafted contract that considers legal advice to facilitate international trade transactions.
Most Favored Nations (MFN)
The most favoured nation (MFN) clause is a status granted by one country to another to ensure non-discriminatory trade. Countries with MFN status receive reduced tariffs and cannot be discriminated against in trade. The MFN status prevents preferential treatment to certain countries and guarantees equal trade terms. It is an important principle governed by the World Trade Organization that covers trade in goods, services, and intellectual property rights. While MFN aims to promote fair trade, exceptions are made to support developing countries through systems like the Generalized System of Preferences.
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The document discusses key aspects of the WTO Agreement on Subsidies and Countervailing Measures (SCM Agreement). It outlines the different types of subsidies - prohibited, actionable, and non-actionable - and the rules governing each. Prohibited subsidies include export subsidies and import substitution subsidies. Actionable subsidies are those that cause adverse effects like injury to domestic industry. Non-actionable subsidies are those that are non-specific. The agreement also provides special and differential treatment for developing countries in areas like de minimis subsidy levels and volume thresholds for countervailing investigations. Remedies under the agreement include withdrawal of subsidies or imposition of countervailing duties.
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Este documento presenta la Taxonomía de Bloom, un sistema de clasificación de habilidades del aprendizaje desarrollado en 1948 por Benjamin Bloom. Identifica seis categorías de habilidades cognitivas (más altas a más bajas): Crear, Evaluar, Analizar, Aplicar, Comprender y Recordar. En 2001 se actualizó, manteniendo las categorías pero modificando algunos verbos indicadores. La taxonomía busca facilitar la comunicación entre examinadores y estimular la investigación sobre evaluación educativa.
Module 6-SELANE
This short document contains two URLs, one for a timeline on the website janetxone.com/knowledge/timeline/ and another for the main website janet-xone.com/. The document lists the name "Dave B" but does not provide any other context.
Course 8-Unit 3: Future with will.
The document discusses the use of the verb "will" to express future actions and plans in English. It explains that "will" is used in the affirmative form with a base verb to express certainty about future actions, such as "I will call him tomorrow." "Won't" is the contraction of "will not" and is used in the negative form to express things that will not happen in the future, like "I won't finish it today." "Will" can also be used in question form with a subject and base verb, as in "Will she come to the restaurant?" The document provides examples of using "will", "won't", and questions with "will" to talk about future plans and intentions.
Nc stateonlineroleplay
Presentation at the NCState New Literacies Workshop on the use of online role-play to teach argumentative writing--a key focus of the ELA Common Core Standards
Responses to Doug Belshaw's LRA Presentation on Web Literaices
Responses to Doug Belshaw's presentation at his Invited Speaker Literacy Research Conference session, Marco Island, Florida, December, 2014.
Course 8-Unit 3: Future with will.
The document discusses the use of the verb "will" to express future actions and plans in English. It explains that "will" is used in the affirmative form with a base verb to express certainty about future actions, such as "I will call him tomorrow." "Won't" is the contraction of "will not" and is used in the negative form to express things that will not happen in the future, like "I won't finish it today." Questions using "will" follow the structure of "Will + subject + base verb," as in "Will she come to the restaurant?" The document provides examples to illustrate these uses of "will" and "won't" in different contexts.
Course 2-Unit 5: Verb to be - prepositions in, at and on
This document discusses the use of the prepositions "in", "at", and "on" with dates and times. It provides examples showing that "at" is used to specify the time something occurs, "on" is used to specify the day or date, and "in" is used to specify the month. It concludes by summarizing these uses in a chart for quick reference.
Vetlladors 2009
Este documento proporciona una lista de titulares de licencias de mesas y sillas en la playa de Sant Adrià del Besòs. Incluye el nombre del titular, la dirección, si tiene licencia o está pendiente, el número de mesas y sillas y la temporada. La lista está dividida en tres secciones - Sant Adrià Nord, Sant Joan Baptista y Barri La Mina.
Course 6-Unit 6: Can and have to
The document discusses the verbs "can", "have", and "have to" in Spanish. It provides examples of using each verb to express ability, possession, and obligation. For "can", examples show using it to indicate ability or lack of ability to do something. For "have", examples demonstrate using it to indicate possession or lack of possession of objects. For "have to", the examples illustrate using it to express obligation to do something.
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Course 8-Unit 2: The use of would rather + base form of verb.
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Responses to Doug Belshaw's LRA Presentation on Web Literaices
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CISG Presentation
- 1. The United Nations Convention on Contracts for the International Sales of Good Cleveland, Ohio May 14 th , 2009
- 8. Yormick & Associates Co. LPA Jordane C. Fura Fifth Third Center 600 Superior Avenue E., Suite 1300 Cleveland 44114 Tel: (1) 216 928 3474 [email_address]