Prime differences between the UCC and the CISG include but are not limited to the applicable transactions, coverage, requirements of contract, Statute of Frauds, reduction in the price of non-conforming goods, and damages.

Write 1 page with APA style on Swa chapter 9. 15 July The UCC vs The CISG Several factors make the UCC and the CISG different fromeach other. Prime differences between the UCC and the CISG include but are not limited to the applicable transactions, coverage, requirements of contract, Statute of Frauds, reduction in the price of non-conforming goods, and damages. In case of the UCC, the applicable transactions apply to commercial transactions as well as the consumer whereas in the case of the CISG, the consumer sales are specifically excluded from the provisions. Coverage in the UCC includes the sale of goods whereas coverage in the CISG is exclusive of the goods that are purchased at auction, as well as ships, aircraft, securities, and the service contracts. Requirements of contract of the UCC include legal capacity, consideration, mutual assent, and legal purpose whereas the CISG validity of the contract is not a direct concern in the CISG. The Statute of Frauds in the case of the UCC necessitates writing over $500 whereas writing is not a requirement in the Statute of Frauds of the CISG (“UCC and CISG”). Reduction in the price of non-conforming goods is termed as damages for breach in the case of the UCC whereas the CISG allows the purchaser to cut down the price in proportion to the decline in the good’s value. Damages in the UCC include the consequential and incidental damages. The UCC limits the consequential damages to those which cannot be prevented reasonably. On the other hand, damages in the CISG include the lost profit which could or should have been foreseen by the other party.

 

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now