Apr 8th, 2015
Studypool Tutor
Price: $10 USD

Tutor description

The Uniform Commercial Code generally regulates commerce or trade on a national basis. Do you think that the UCC would directly or indirectly have any effect on international commerce? If so, what effect on international or worldwide commerce do you think the UCC might cause?

Word Count: 939
Showing Page: 1/6
BUSN150-IP4NameClassDateProfessorBUSN150-IP4 The Uniform Commercial Code is a code that has been created that addresses commercial law for legal transactions. While the UCC is not a set of law but is in fact a set of rules created or approved by the National Conference of Commissioners on Uniform State Laws and supported by the American Law Institute some states have embraced the practices defined here and turned them into state statutes dealing with commercial transactions. The members of the National Conference of Commissioners are all licensed and experienced lawyers that receive drafts suggesting potential revisions to current UCC codes and will either accept, reject, or request changes of the draft revision before accepting as part of the UCC code. The types of transactions the UCC addresses involves sales transactions, leases, negotiable instruments, bank deposits and collections, fund transfers, letters of credit, bulk sales, investment securities, and secured transactions. The goal of the UCC is to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America (). The UCC is responsible for ensuring that commercial transactions across interstate lines are fair and properly regulated. Without the UCC consumers and businesses would not be protected and transactions would not be secure. The UCC ensures that businesses and citizens have standardized commercial expectations and e

Review from student

Studypool Student
" awesome work thanks "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Other Documents


Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors