TITLE:
Ethiopian Sales Law in the Light of International Laws and Principles of Contract
AUTHORS:
Zena Abera
KEYWORDS:
CISG, PECL, UNIDROIT Principles, Ethiopian Sales Law, International Sales Contract, Formation of Contract, Performance, The Passing of Risk, Remedies of Non-Performance of a Contract
JOURNAL NAME:
Open Access Library Journal,
Vol.3 No.8,
August
31,
2016
ABSTRACT: Contract laws are determinant factors in fostering both domestic and international trade. The better a country has efficient contract rules, the more it attracts trade and investment. This paper is aiming to provide a comparative analysis of the Ethiopian sales law in the light of CISG, PECL, and UNIDROIT Principles. It analyzes the different possibilities of application of these instruments in comparison to Ethiopian law of sales. Major finding of the article revealed that, except few provisions, Ethiopia’s sales law was adopted considering the then time international standards and principles of contract. The paper also strives to forward specific recommendations on amending outdated provisions in the Ethiopian contract and sales law.