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The Uniform Commercial Code (Ucc)

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Kaplan University
PA130: Unit 9 Assignment

The Uniform Commercial Code (UCC) is a set of regulations that is used to standardize sales and transactions in the United States. The UCC is not law, but more of a collection of statutes that can vary from state to state. Article 2 of the UCC is a model statute that has been adopted by every state, except Louisiana, and is used resolve disputes regarding the sale of goods. Goods covered by the UCC are defined as any item that is identifiable and movable at the time of sale. Spagnola, L. (2006). Goods that are covered by Article 2 may include furniture, electronics, or vehicles. Article 2 does not include transactions involving service contracts or the sale of real estate. The UCC applies if the contract concerns a sale of goods in a commercial setting. Examples of when the UCC applies include when a fruit vendor buys apples from an apple dealer, when a buyer purchases a radio from an electronic store, and when a buyer purchases furniture from a furniture store. Article 2 of the UCC also includes a Statute of Frauds rule, which states that any contract for the sale of goods that exceeds $5000 must have a sufficient record to indicate that a contract for sale has been made. (§ 2-201). Should a record incorrectly state a term agreed upon by the parties, it is still sufficient; however, it is not enforceable beyond the amount of goods stated in the record. In accordance with § 2-209, should a signed contract exclude modifications or rescission, it may not be modified or rescinded. However, under UCC 2-209(1), modifications must be made in good faith and free of extortion. Additionally, requirements set forth in Section 2-201 must first be satisfied if the contract as modified is within its stipulations. An example of this section can be seen in Angel v. Murray, 322 A.2d 630 (R.I. 1974).…...

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