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International business transactions- obligation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › International business transactions- obligation

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Vijay.
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  • September 23, 2021 at 1:52 pm #636362
    ketki15
    Member
    • Topics: 60
    • Replies: 15
    • ☆☆

    In relation to the UNCCISG, which of the following statements are correct?
    The buyer may declare the contract avoided if:
    1- the seller commits a minor breach of contract
    2- the seller hasn’t delivered the goods

    Why is the answer neither 1 & 2? Isn’t failure to deliver and breach of contract resulting in declaring it avoided?

    September 29, 2021 at 11:06 pm #636724
    Vijay
    Member
    • Topics: 0
    • Replies: 258
    • ☆☆☆

    Hi Ketki,

    In order to avoid the contract there must be a breach of condition ie a fundamental term and not imply a minor breach.

    I hope this clarifies.

    Best wishes,

    Vijay

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