What is the United Nations Convention on Contracts for the International Sale of Goods (CISG) primarily focused on?

What is the United Nations Convention on Contracts for the International Sale of Goods (CISG) primarily focused on?

• A. Establishing shipping routes
• B. Governing rights and responsibilities in international sales
• C. Regulating international currency exchange
• D. Defining tariffs on international goods

Answer: (B)

The United Nations Convention on Contracts for the International Sale of Goods (CISG) is primarily focused on governing the rights and responsibilities that arise from international sales agreements. This legal framework was created to provide a uniform set of rules for the international sale of goods, which helps to facilitate international trade by reducing legal barriers and uncertainties that can arise when parties from different countries engage in commerce. By addressing key issues such as contract formation, obligations of the buyer and seller, and remedies for breach of contract, the CISG aims to define clear standards that both parties can rely upon, regardless of their respective legal traditions. This results in greater predictability and efficiency in international transactions. The other options do not align with the core purpose of the CISG. The focus is not on establishing shipping routes, regulating currency exchange, or defining tariffs, as these areas are covered by different sets of regulations and agreements. The CISG's emphasis is solely on the contractual aspects of international trade, making it a crucial tool for businesses engaged in cross-border transactions.

The United Nations Convention on Contracts for the International Sale of Goods (CISG) is primarily focused on governing the rights and responsibilities that arise from international sales agreements. This legal framework was created to provide a uniform set of rules for the international sale of goods, which helps to facilitate international trade by reducing legal barriers and uncertainties that can arise when parties from different countries engage in commerce.

By addressing key issues such as contract formation, obligations of the buyer and seller, and remedies for breach of contract, the CISG aims to define clear standards that both parties can rely upon, regardless of their respective legal traditions. This results in greater predictability and efficiency in international transactions.

The other options do not align with the core purpose of the CISG. The focus is not on establishing shipping routes, regulating currency exchange, or defining tariffs, as these areas are covered by different sets of regulations and agreements. The CISG's emphasis is solely on the contractual aspects of international trade, making it a crucial tool for businesses engaged in cross-border transactions.