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ACCA Applied Skills · Corporate and Business Law (Global) · Obligations of the seller and buyer, and provisions common to both

Under the UN Convention on Contracts for the International Sale of Goods (CISG), which of the following is one of the buyer's two main obligations?

The buyer's two core obligations under the CISG are to pay the price for the goods and to take delivery of them as the contract and the Convention require. There is no general duty to insure the goods or visit the seller's factory.

  1. ATo insure the goods throughout the journey in every case
  2. BTo pay the price and take delivery of the goodsCorrect
  3. CTo inspect the seller's factory before the contract is made

Explanation

Article 53 CISG states that the buyer must pay the price for the goods and take delivery of them as required by the contract and the Convention. There is no general duty to insure the goods or to inspect the seller's premises.

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