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A binding contract
Answer the following: A commercial exporter in the US, attempts to create a contract with a Mexican buyer for the sale of a container load of house wares.
The exporters pro forma invoice is dated and sent August 20th.
The Mexican acceptance is mailed on August 30th, and received by the exporter on September 9th.
The exporter, however, mailed a revocation of its offer on September 3rd, which was received by the Mexican party on September 10th.
Answer the following questions and ensure you provide any URL’s from the internet to support your answer.
- Is this transaction subject to the CISG?
- Is there a contract?
- Why or why not is this a binding contract?
- When was the contract formed and when was it legally terminated?
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