Question

The United States and Singapore have signed the Convention on Contracts for the International Sale of Goods (CISG). Notren, Inc., a U.S. company, and SWT, a Singapore company, have entered into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract states, "The validity and performance of this contract will be governed by the Uniform Commercial Code (UCC) of the state of New York, not the Convention on Contracts for the International Sale of Goods (CISG)." The contract will be governed by the _____________.

Answer 1

The contract will be governed by the Uniform Commercial Code (UCC) of the state of New York, not the CISG.

Step-by-step explanation:

The contract will be governed by the Uniform Commercial Code (UCC) of the state of New York, not the Convention on Contracts for the International Sale of Goods (CISG).

The UCC is a set of laws that governs commercial transactions within the United States, including contracts for the sale of goods. It provides guidelines for contract formation, rights and obligations of the parties, and remedies for breach of contract.

By specifically stating that the UCC will govern the contract, the parties have chosen to opt out of the CISG, which is an international treaty that governs international sales contracts between businesses in different countries.