Business Law
Law of sales and Uniform Commercial Code
Business law in most cases deals with the laws governing sale of goods and the implications making sales. This paper aims to concentrate on the explanations regarding the UCC, which is the Uniform Commercial Code, and its effects on the governing of sale of goods in general. The article will also identify and critically explain the applications of the Uniform Commercial Code, which are relative to the Zabriskie Chevrolet Inc. Vs. Smith case. There will also be immense discussions related to the public policy considerations that are supportive of the Zabriskie case.
Law of sales and Uniform Commercial Code
The Uniform Commercial Code is an instituted committee that has the obligation to provide timely data and information together with providing training opportunities to the people engaging in commercial law, otherwise known as Business law. The code deals especially with the commercial transactions, and also the commercial practices, which are covered with the Uniform Commercial Code. The code narrows down more and tackles the issues relating to sales and leasing of goods and property, the payment of the goods in either monetary value or kind, issuing of credit letters, transactions related to security and investments and many others. The code also covers the transactions related to unincorporated entities and the law of guarantees together with international transactions, which have business nature.
How the UCC governs the Sale of goods
The section covering the sales of goods is found in article 2 of the Uniform Commercial Code and provides that the sale of goods is a contract. The duty of the UCC in this case is to set and implement the guidelines that ought to be utilized in controlling commercial transactions. There is a provision by the code for uniform standards to be adopted when transacting commercial business....
Law of Sales The Uniform Commercial Code is one of the most important uniform acts that were promulgated in order to unify the sales laws and other commercial transactions within all the states of the U.S. The importance of this code relies on the fact that commercial transactions have an increased prevalence beyond one state. In other words, certain products can be manufactured in a certain state, assembled in another state,
Contract Law Under the UCC (Uniform Commercial Code) section 3-405 (Employer's Responsibility for Fraudulent Endorsement by Employee) corporate accounts are exposed to a multitude of fraudulent and forgery risks and therefore it has been mandated that the corporate employer as well as the bank are responsible for keeping a check on their account activities. In the above case, Stewart's client may have issued the check on behalf of the corporate employer
The things most frequently linked with product liability are negligence, strict liability, breach of warranty, and various consumer protection claims. A warranty is breached when the guarantee is broken or when goods are not as anticipated, at the time the sale takes place, whether or not the defect is obvious. The seller is responsible to make things right by giving a refund or replacement. It is possible for a seller
Any good that is purchased from Amazon via the internet is governed by Article 2 of the UCC. Buying a CD from this site would constitute buying a good. When the Amazon site puts a good up for sale then they are making an offer and when a person agrees to buy that good they are accepting that offer. This transaction would fall under the proposed new UCC § 2-204(4)
Uniform Computer Information Transaction Act The prevailing decade has been significantly marked as a decade of high technology and advancements. The most technological nations across the world have drifted from conventional and traditional brick and mortars business to the online rather the dot com era of advancements. Either of the two generations of the dot com business advancement, accessibility and understandability remained the core issues. The very ideology that forms the mainstream
Procurement The law is both imaginary and complex, yet affects each and every one of us on a daily basis on a number of different levels. In the business world, the law takes on new meanings and new forms as commercial exchange is guided by their principles. The purpose of this essay is to examine the legal aspects of procurement and how this idea can shape the different aspects of trade
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