BU231 Lecture Notes - National Treatment, Canadian Business, World Trade Organization
Document Summary
Foreign trade: export contracts, contract of sale. Much of our earlier material regarding contracts still applies. However, international contracts with an international element present special problems due to longer times requiring transportation, insurance: proper law of contract. The proper law of contract is the law of the country or jurisdiction that the parties intend to govern. Clearest method of establishing the proper law is for the parties themselves to make express provision. Where proper law is not expressly stated the court will attempt to determine the intentions from circumstances: contractual terms (terminology) A standard set of terms known as incoterms have come to be widely used. Also the publication and widespread adoption of standard form contracts published by global trade associations (unece) in order to harmonize international laws: shipment and insurance (good for multiple choice) Seller"s responsibility is only to make goods available to the buyer at the sellers own warehouse no responsibility.
