The initial term for which a financing statement will be ...

[yoooooman]

The initial term for which a financing statement will be effective is
 A)one year.
 B)five years.
 C)ten years.
 D)two years.

Question 2

Who will prevail in the following scenarios applying the CISG? Would your answer change if the parties selected the UCC pursuant to a choice of law clause? Please provide a short explanation for each of your answers. Scenario An attempt by an American buyer to avoid paying a French seller for goods after ignoring the French seller's request for additional time to perform the contract, which goods were delivered six days after the date provided in the contract.

[alexanderhamilton]

Answer to Question 1

B

Answer to Question 2

Utilizing the CISG, the French seller may prevail. The CISG requires that a buyer respond to a seller's request for additional time to perform a contract or the request is deemed granted. Utilizing the UCC, the American buyer may prevail. The UCC does not require that a buyer grant a seller an additional period of time to perform a contract.