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The seller of goods has a right to proceed judicially against an issuing bank that dishonors its obligation under an irrevocable letter of credit.
What sources of information would you use? Under what circumstances would you consider selling to firms in these countries?
What are the buyer’s legal arguments supporting their petition for a restraining order? How do the facts support that argument? What precedent can they cite?
Your firm has contracted to purchase silk from overseas suppliers on letter of credit terms. After contracting but before presentment of the seller’s documents.
The U.S. State Department negotiated directly with European and Japanese steel producers to limit their exports to the United States.
The Trade Expansion Act of 1962 as amended by the Trade Act of 1974 stated that if the secretary of the treasury finds that an “article is being imported.
How does the treaty approval process differ from the approval process for congressional–executive agreements?
The rule of strict compliance in New York is best illustrated by Beyene v. Irving Trust Co., 762 F.2d 4 (2d Cir. 1985).
Wade entered into a contract to sell irrigation equipment to Ribadalgo, its Ecuadorian distributor. Ribadalgo obtained an irrevocable letter of credit.
You are CEO of a firm that regularly imports consumer electronic devices from plants in Thailand, Malaysia, Indonesia, and the Philippines.
Do you think that the $500 per package limitation applies to the container, to each wooden skid.
Dazo entered the San Jose, California, airport to board a flight to St. Louis, where she was to take a connecting flight to Toronto.
A shipper of fruits and vegetables delivered a refrigerated van of produce to the S.S. Bayomon at the port of Elizabeth, New Jersey.
Sony Corp. packed a shipment of videocassette tapes into a 40-foot ocean container for transport to England.
In 2004, Ellen Kruger was boarding a flight from San Francisco to Seattle, on her way home from Australia, when she was struck on the head with a backpack.
Prepare a letter to accompany the pro forma invoice explaining why payment by “cash against documents” would be fair to both parties.
Kiffe claims that the contract had been rendered commercially impracticable and that performance was excused. Do you agree?
The defendant purchased sewing machines from a Swiss manufacturer. The contract specified that payment was to be made in Swiss francs.
CISG Articles 71–73 contain legal rules on anticipatory breach. Article 77 contains rules on the mitigation of damages.
An importer of children’s toys, Fun ‘N Games, Inc., receives a price quotation from a German toy maker offering toy train sets: “KBG train sets.
A computer printer distributor in Argentina receives an offer by mail from Epson, a U.S. company, in reply to an inquiry.
Your company, Acme Widgets, sells its widgets worldwide. Acme has a contract for 250,000 widgets to be shipped to the Czech Republic.
A German seller brought a claim against a Russian buyer because the buyer failed to pay for the equipment supplied to the buyer pursuant to their contract.
Barcel, a Mexican company, contracted with Kliff, a citizen of California, to buy 47 million foil “Britney Spears” trading cards to be placed in snack food.
The washing machines were placed into a bonded warehouse operated by the British Transport Commission.