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Un convention

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Un convention

  • This topic has 3 replies, 2 voices, and was last updated 9 months ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 31, 2022 at 5:21 pm #652434
    Safiya.12345
    Participant
    • Topics: 61
    • Replies: 111
    • ☆☆

    Under the UN Convention on Contracts for the International Sale of Goods, which of the following applies if the buyer is in fundamental breach of contract but has paid for the goods?

    1.The seller may declare the contract avoided if the buyer was late in paying

    2.The seller may declare the contract avoided if they did so before they knew that the buyer had paid

    3.The seller may not declare the contract avoided

    Is 1 correct

    April 1, 2022 at 5:22 pm #652534
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22705
    • ☆☆☆☆☆

    What does the answer say, and why do you not believe it?

    April 10, 2022 at 6:11 pm #653013
    Safiya.12345
    Participant
    • Topics: 61
    • Replies: 111
    • ☆☆

    1 bcz that’s a fundamental breach and contract can be avoided

    April 10, 2022 at 8:28 pm #653029
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22705
    • ☆☆☆☆☆

    I don’t understand the question! If the buyer is in fundamental breach but has already paid, why is the seller getting involved?

    No, I don’t understand the question at all

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