@article{ART002436360},
author={WOOJOO BYUN},
title={Burden of risk by change of Legislation under the Contract for International Sale of Goods},
journal={Journal of International Business Transactions Law},
issn={2982-5903},
year={2019},
number={24},
pages={163-181},
doi={10.31839/ibt.2019.01.24.163}
TY - JOUR
AU - WOOJOO BYUN
TI - Burden of risk by change of Legislation under the Contract for International Sale of Goods
JO - Journal of International Business Transactions Law
PY - 2019
VL - null
IS - 24
PB - The Institute for Legal Studies Dong-A University
SP - 163
EP - 181
SN - 2982-5903
AB - It's usually time-consuming to complete a contract in transactions between parties with offices in different countries. International transactions involve a variety of risks that the party cannot foresee compared to domestic transactions. In other words, after signing the contract, there are many dangers involved in the theft, fire, and corruption of goods. Therefore, the parties to the contract must engage in the transaction taking into account the possibility of such a risk. Furthermore, to avoid economic losses that may arise from it, it can be said that setting reasonable standards about the burden of risk is a matter of paramount importance. In this respect, in the event of a new or existing law being enacted to the contract after signing the contract. The performance of the contract itself is possible, but changes to those laws add to the burden that both parties have never anticipated. With respect to these issues, it is necessary to consider whether these risks should always be transferred from the seller to the buyer when there is nothing specifically set by the parties to the ‘Change of Legislation’ in international transactions.
KW - Change of Legislation;International Trade;Burden of Risk;Passing of Risk;United Nations Convention on Contract for the International Sale of Goods.
DO - 10.31839/ibt.2019.01.24.163
ER -
WOOJOO BYUN. (2019). Burden of risk by change of Legislation under the Contract for International Sale of Goods. Journal of International Business Transactions Law, 24, 163-181.
WOOJOO BYUN. 2019, "Burden of risk by change of Legislation under the Contract for International Sale of Goods", Journal of International Business Transactions Law, no.24, pp.163-181. Available from: doi:10.31839/ibt.2019.01.24.163
WOOJOO BYUN "Burden of risk by change of Legislation under the Contract for International Sale of Goods" Journal of International Business Transactions Law 24 pp.163-181 (2019) : 163.
WOOJOO BYUN. Burden of risk by change of Legislation under the Contract for International Sale of Goods. 2019; 24 : 163-181. Available from: doi:10.31839/ibt.2019.01.24.163
WOOJOO BYUN. "Burden of risk by change of Legislation under the Contract for International Sale of Goods" Journal of International Business Transactions Law no.24(2019) : 163-181.doi: 10.31839/ibt.2019.01.24.163
WOOJOO BYUN. Burden of risk by change of Legislation under the Contract for International Sale of Goods. Journal of International Business Transactions Law, 24, 163-181. doi: 10.31839/ibt.2019.01.24.163
WOOJOO BYUN. Burden of risk by change of Legislation under the Contract for International Sale of Goods. Journal of International Business Transactions Law. 2019; 24 163-181. doi: 10.31839/ibt.2019.01.24.163
WOOJOO BYUN. Burden of risk by change of Legislation under the Contract for International Sale of Goods. 2019; 24 : 163-181. Available from: doi:10.31839/ibt.2019.01.24.163
WOOJOO BYUN. "Burden of risk by change of Legislation under the Contract for International Sale of Goods" Journal of International Business Transactions Law no.24(2019) : 163-181.doi: 10.31839/ibt.2019.01.24.163
