Question

Sales contracts between parties residing in the United States and foreign countries are typically governed by the:_________

Answer 1

United Nations Convention on Contracts for the International Sale of Goods (CISG).

Step-by-step explanation:

Sales contracts between parties residing in the United States and foreign countries are typically governed by the United Nations Convention on Contracts for the International Sale of Goods (CISG).

The United Nations Convention on Contracts for the International Sale of Goods (CISG) also known as the Vienna Convention, was founded on the 11th of April, 1980. The CISG provides a uniform and unique framework for the trade of goods in the in international markets (international commerce). It was developed by the United Nations Commission on International Trade Law (UNCITRAL) and is generally considered to be a multilateral uniform international sales treaty.