An international contract of sale of goods is a contract by which the seller transfers or agrees to transfer the property of goods against payment of a price. It is a bilateral contract.

Question

BlackTom AI · Accepted Answer

The statement describes an international contract of sale of goods as one where the seller transfers or agrees to transfer property in exchange for payment of a price, and then asserts that it is a bilateral contract.

Option True: At its core, a contract for the international sale of goods (such as a CISG-governed contract) creates obligations on both sides: the seller has to deliver the goods and transfer title, while the buyer agrees to pay the price. This mutual exchange of promises characterizes a bilateral contract. In international trade, both parties have reciprocal duties, so labeling it bilateral aligns with the fundamental contract law concept of two-sided obligations.

Option False: If someone claimed it is not bilateral, they would be overlooking the reciprocal nature of the deal—the buyer’s obligation to pay and the seller’s obligation to deliver (and transfer ownership). The CISG itself envisions cooperation and performance by both parties, making the ‘bilateral’ nature intrinsic unless a contract is explicitly unilateral (which would be unusual for a sale of goods, especially in an international context).

Option 0 alternative interpretation: Some might argue about form (written vs. oral) or about who bears costs, but those details do not negate the basic bilateral structure of a contract of sale: two parties, each with corresponding performance expectations. Therefore the core description remains true.

In summary, recognizing the contract as bilateral is consistent with the standard understanding of international sales agreements, where both parties have enforceable duties and consideration flows in each direction.

25_4 LAW3000 Business Law

An international contract of sale of goods is a contract by which the seller transfers or agrees to transfer the property of goods against payment of a price. It is a bilateral contract.

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