Question: State whether the following statements are TRUE or FALSE ; & give REASON for your answer. (E.g. True because....). (5) Transactions involving

State whether the following statements are "TRUE" or "FALSE"; & giveREASON for your answer. (E.g.True because....).

your answer. (E.g.True because....). (5) Transactions involving auction sales come under the

(5) Transactions involving auction sales come under the purview of the CISG. ;: (2 marks) as (6) According to the CISG, the latest point in time that an offer may be withdrawn is at anytime before the offer reaches the offeree. (2 marks) (7) Regarding the acceptance of an offer, if the offer is oral, an offeree must express assent in the form of writing. (2 marks) (8) Mr X (the buyer) receives goods attached with a note from Mr Y (the seller), \"If I don't hear from you, I assume you will keep these goods and pay for them." Here, Mr X's failure to .. respond to Mr Y is an acceptance ' because silence is an acceptance in this situation. (2 marks) '-- _

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