Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

3 Questions

19 Views

Mastering Incoterms® 2020

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Under what circumstances can Incoterms® be brought up in the court of law?

Only when they are used in trade of tangible goods

When the claimant has read and understood them

When they are part of an international convention

When they are incorporated into the contract of sale (correct)

In which situation can Incoterms® be used in a legal dispute?

When they are part of an international convention

When the claimant has read and understood them

Only when they are used in trade of tangible goods

When they are incorporated into the contract of sale (correct)

When can Incoterms® be invoked in a court of law?

When they are part of an international convention

When the claimant has read and understood them

When they are incorporated into the contract of sale (correct)

Only when they are used in trade of tangible goods

Study Notes

Incoterms® in Legal Disputes

Incoterms® can be brought up in a court of law when there is a dispute between the buyer and the seller regarding the interpretation of the terms of trade.
Incoterms® can be used in a legal dispute to clarify the responsibilities of the buyer and the seller, particularly in regards to delivery, risk, and cost.
Incoterms® can be invoked in a court of law when there is a need to establish the intention of the parties involved in the sale, particularly in regards to the allocation of risk and responsibility.
The use of Incoterms® in a legal dispute can help to resolve issues related to the delivery of goods, such as when and where the goods were delivered, and who bears the risk of loss or damage.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Description

Test your knowledge of Incoterms® 2020 and identify the most appropriate term for ABC Importing in Germany when importing from Vietnam. Avoid customs procedure risks by selecting the correct Incoterm for the given circumstances.