The Convention on the International Sale of Goods recognizes a concept by which a buyer may give notice to the seller that delivery will be accepted beyond the time prescribed in the contract

Which of the following is false regarding the Convention on the International Sale of Goods? 
A. It applies to transactions involving the commercial sale of goods.
B. National contract law applies in areas not covered by the Convention on the International Sale of Goods.
C. The Convention on the International Sale of Goods was adopted in 2000.
D. The United States has adopted the Convention on the International Sale of Goods.
E. The Convention on the International Sale of Goods has been ratified by the majority of states in the developed world.

The CISG was adopted in 1980 and has been ratified by the majority of states in the developed world, including Australia, Canada, China, Korea, Mexico, Russia, most nations of Western Europe, and the United States, where it became effective in 1988.

The Convention on the International Sale of Goods recognizes a concept by which a buyer may give notice to the seller that delivery will be accepted beyond the time prescribed in the contract. That concept is known as _____________. 
A. Nachfrist
B. Benach
C. Offer of late performance
D. Tender of late performance
E. Stare decisis

Nachfrist—allows additional time for performance of a contract upon notice to the other party.

Which of the following references a standard meaning that either the employer or the employee may terminate the employment relationship at any time? 
A. Employment-at-will
B. Unconnected employment
C. Nachfrist
D. Reasonable employment
E. Unreasonable employment

The employment relationship in the United States is governed by the employment-at-will standard. This standard means either the employer or the employee may terminate the employment relationship at any time.

Which of the following is true regarding minimum-wage laws? 
A. The People's Republic of China has a national minimum-wage law.
B. Canada has a national minimum-wage law.
C. Italy has a national minimum-wage law.
D. Germany has a national minimum-wage law.
E. None of the above is true.

Some states, such as the People's Republic of China have no national minimum-wage laws. Minimum wages are established by provincial and municipal government officials. Canada lacks a national minimum-wage law. Minimum wages are established individually by the provinces. In other states that lack national minimum-wage laws, such as Denmark, Finland, Germany, Italy, and Sweden, industrial collective agreements establish minimum wages.