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IK 03 Kaufverträge und Vertragsstörungen (EN)
IK 03 Purchase Contracts and Contractual Breaches
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Knowledge Check
Four questions for self-assessment. Click on each question to see the correct answer and explanation.
Which element is mandatory for a valid purchase contract under German law?
- A) Written form
- B) Agreement on the subject matter of the purchase
- C) Notarial certification
- D) Payment of the purchase price
Correct Answer: B. A purchase contract fundamentally only requires an agreement on the subject matter of the purchase and the price, not the written form or certification.
What is the essential characteristic of a commercial confirmation letter?
- A) It must always be signed
- B) It leads to acceptance of the offer
- C) It serves only for information
- D) It can invalidate an offer
Correct Answer: B. A commercial confirmation letter leads to acceptance of the offer if the recipient does not object without delay.
What legal consequence occurs if the buyer does not accept the goods?
- A) The contract is automatically terminated
- B) The seller can claim damages
- C) The buyer must still pay
- D) The seller must take back the goods
Correct Answer: B. The seller can claim damages for non-performance if the buyer does not accept the goods.
What does "warranty" mean in the context of purchase contracts?
- A) The right of return within 14 days
- B) Liability for defects in quality and title
- C) The obligation to repair by the manufacturer
- D) The assurance of a certain quality
Correct Answer: B. Warranty means the seller's liability for defects in quality and title of the purchased item.