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contracting states

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › contracting states

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 26, 2013 at 8:57 am #134304
    bik123
    Member
    • Topics: 57
    • Replies: 81
    • ☆☆

    what does mean ‘contracting states” in context of below definition? it is simply means that these states are parties in contract ? or something else

    The UN Convention on Contracts for the International Sale of Goods (UNCISG) applies to contracts for the
    sale of goods between parties whose places of business are in different states, when the states are
    CONTRACTING STATES(i used caps lock to emphasize ), or the rules of private international law lead to the application of the law of a contracting state

    thank you!!!

    July 26, 2013 at 5:09 pm #134319
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    These are states / countries that have “contracted in” to the UN Convention for the International Sale of Goods. Not every state has agreed to accept the UNCISG principles

    July 27, 2013 at 12:29 pm #134343
    bik123
    Member
    • Topics: 57
    • Replies: 81
    • ☆☆

    thank you Mike,

    It is obvious but I didnt find it in bpp study text,

    July 27, 2013 at 6:10 pm #134347
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Hmm, ok, glad it’s clear for you now

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