Case study . The CEO of your client, Green Lotus Co. Ltd. with legal seat in Hong Kong, now wants to expand the company's business activities into mainland China. He has discovered that the PRC is a CISG-member state (since 1 January 1988), but has made the following declaration: The People's Republic of China does not consider itself bound by subparagraph (b) of paragraph 1 of article 1 and article 11 as well as the provisions in the Convention relating to the content of article 11.He asks you to comment on the implications for the form of trade agreements to be concluded between mainland Chinese and other parties.

Case study . The CEO of your client, Green Lotus Co. Ltd. with legal seat in Hong Kong, now wants to expand the company's business activities into mainland China. He has discovered that the PRC is a CISG-member state (since 1 January 1988), but has made the following declaration: The People's Republic of China does not consider itself bound by subparagraph (b) of paragraph 1 of article 1 and article 11 as well as the provisions in the Convention relating to the content of article 11.He asks you to comment on the implications for the form of trade agreements to be concluded between mainland Chinese and other parties.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA1: International Financial Reporting Standards

Section: Chapter Questions

Problem 2MCQ

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