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Uniform Commercial Code

In: Business and Management

Submitted By george412
Words 611
Pages 3
Week Five Assignment
Jorge Apantenco
DeVry University
Busn. 420
Professor Kent
August 10, 2014

Uniform Commercial Code
“The UCC is a model act drafted by the American Law Institute and the National Conference of Commissioners on Uniform State Laws. This model act contains uniform rules that govern commercial transactions. For the UCC or any part of the UCC to become law in a state, that state needs to enact the UCC as its commercial law statute. Every state (except Louisiana, which has adopted only parts of the UCC) has enacted the UCC or the majority of the UCC as a commercial statute (Cheeseman, 2013, p. 300).”
“Generally, Article 2 of the UCC applies to all sales contracts, whether they involve merchants or not. However, Article 2 contains several provisions that either apply only to merchants or impose a greater duty on merchants. UCC 2-104(1) defines a merchant as (1) a person who deals in the goods of the kind involved in the transaction or (2) a person who by his or her occupation holds himself or herself out as having knowledge or skill peculiar to the goods involved in the transaction (Cheeseman, p. 302).”
A scenario of how Article 2 of the UCC makes changes to the common law of contracts is tied to how the common law rule works in the first place an offer must be made definite when regarding its terms of when it was accepted. Under Article 2 of the UCC it allows a sales contract to be made by a seller even though terms can be left open for discretion, as long as the seller’s parties intended to make a contract it is legit. The UCC is simply there to fill in the cracks of there being any missing terms. The UCC will pretty much cover anything and everything when dealing with the contract the only thing the court is able to do is decide how the contracts can be honored or fulfilled.
An example of this is if you had a baker, and the owner of the…...

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