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Course Introduction to International Business Law

Course Introduction to International Business Law. Lecture 5. Topics. Revision lecture 4 Questions Subjects of today: Introduction to The Vienna Sales Convention (CISG) Conditions on the use of The Vienna Sales Convention Content of The Vienna Sales Convention Homework.

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Course Introduction to International Business Law

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  1. Course Introduction to International Business Law Lecture 5

  2. Topics • Revision lecture 4 • Questions • Subjects of today: • Introduction to The Vienna Sales Convention (CISG) • Conditions on the use of The Vienna Sales Convention • Content of The Vienna Sales Convention • Homework

  3. Introduction to The Vienna Sales Convention (CISG) • United Nations Convention on the contracts for the international sale of goods (CISG) • Specific Treaty to be used to solve problems relating to this type of contract • 78 MS of the United Nations have adopted the Vienna Sales Convention

  4. Conditions on the use of The Vienna Sales Convention • Art.1 par 1 The Vienna Sales Convention can only be applied if • the States in which the contracting companies are residing, have adopted The Vienna Sales Convention (a) or • if the rules of international private law lead to the application of the law of a State that adopted the Vienna Sales Convention (b)

  5. Content of The Vienna Sales Convention • Art.1 par 1: professional international sales of goods • International • Sales contract • B2B • goods

  6. Content of The Vienna Sales Convention 2 • Formation of the contract: offer: art.14 valid offer: art.15 withdrawal offer: art.15 offer is valid -> time: art.18 (ir)revocable offer: art.16 rejection offer: art.17,19 agreement: art.18,21,23

  7. Content of The Vienna Sales Convention 3 • Obligations of the seller: art.30 • Obligations of the buyer: art.53-60 • Breach of contract: art.25 • Options for buyer in case of breach of contract by the seller: art.45-50 • Options for the seller in case of breach of contract by the buyer: art.61-65

  8. Homework • Exercise 2 Chapter 5

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