QUESTION IMAGE
Question
when firms do not wish to accept the contracts for the international sale of goods, they often opt for arbitration by a recogn arbitration court to settle contract disputes. true or false
The Contracts for the International Sale of Goods (CISG) is a uniform law governing international sales contracts, while arbitration is a dispute resolution method that parties can choose regardless of whether they adopt CISG. Firms may opt for arbitration even if they use CISG, and rejecting CISG does not inherently lead to choosing arbitration as the default dispute resolution. The statement incorrectly links rejecting CISG to opting for arbitration.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
False