Question

1. Outline three reasons that helped the international business law develop, givingexamples if possible. -

2. Under what circumstances arise the conflicts between the applicability of the CISG andnational law of a CISG member state?
-3. State three ways in which the UNIDROIT PICC was prepared.
- 4. Briefly describe the differences and similarities between the CISG and the UNIDROITPICC.
-5. What are the main principles of the UNIDROIT PICC?
-6. How is the principle of "good faith" defined in UNIDROIT PICC? Do you agreewith it?
-7. List and explain the roles of trade terms in international trade practices.
- 8. Compare and contrast "FOB" and "CIF", and list the main differences betweenthem.

Answer 1

The development of international business law can be attributed to globalization, the protection of rights and interests, and the harmonization of laws. Examples include the CISG, Incoterms, and the New York Convention.

Step-by-step explanation:

1. Reasons for the development of international business law:

1. Globalization and increased international trade: As countries engage in more cross-border trade, the need for a standardized legal framework to govern those transactions arises. International business law helps establish rules and regulations that facilitate smooth international trade.
2. Protection of rights and interests: International business law ensures that the rights and interests of businesses and individuals engaging in international transactions are protected. It provides a legal foundation for resolving disputes and enforcing contracts.
3. Harmonization of laws: International business law aims to harmonize laws and regulations across different countries to promote consistency and fairness in cross-border transactions. This helps reduce uncertainty and encourages international business activities.