Uniform Commercial Code and UCITA
- Date: July 24, 2004
- Level: University, Bachelor's
- Grade: A+
- Length: 2 pages (495 words)
- Essay rating:
- Keywords:
computer information transactions, computer peripherals, commercial laws, uniform commercial code, ucita, section 8, ...uniformity, commerce clause, indian tribes, u s constitution, uniform laws, uniform rule, naturalization, bankruptcies, initially
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Subject > Law & Government Essays
1. What was one of the first, and most significant, of the U.S. government's attempt to promote
uniformity in commercial laws from state to state?
I think the most significant attempt to promote uniformity in commercial laws from state
to state was the "commerce clause", which is found in article 1, section 8 of the U.S.
constitution. Two key factors in section 8 are;
A.
"To regulate Commerce with foreign Nations, and among the several States, and with the
Indian Tribes".
B.
"To establish a uniform Rule of Naturalization, and uniform Laws on the subject of
Bankruptcies throughout the United States".
2.
Based on the information presented above, what do ...
... For example, the
purchaser is free to lend, rent, or resell the purchased copy. Licensing, however, constitutes
a limited transfer of rights to use an item on stated terms and conditions. Licenses are
governed by contract law and, as such, are essentially a private agreement between two
parties. That agreement can involve a wide range of terms and conditions, and need not
incorporate any public policy considerations, beyond some basic limits on what constitutes
an enforceable contract.
4.
Many of the provisions in the UCITA were first proposed as a modification to Article 2
of the UCC. Why do you think the drafters decided to propose it as a separate and distinct
uniform act?
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