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In relation to the Uniform Commercial Code, why should business people get a special...

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lilylee | Student, College Freshman | (Level 1) Salutatorian

Posted September 29, 2013 at 11:32 AM via web

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In relation to the Uniform Commercial Code, why should business people get a special law just for them? The UCC changes much of the common law of contracts.

Additional questions:

  • Why did the common law of contracts need changing? 
  • Why can’t the business people just abide by the laws that govern others?
  • Is this special law based on pressure from a special interest group?

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Kay Morse | College Teacher | (Level 1) Senior Educator

Posted September 29, 2013 at 8:58 PM (Answer #1)

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It is not so much a question of getting "a special law just for them." The UCC was instituted in 1952 to provide more uniformity in business and sales laws between all the states in the U.S. Commerce is difficult to carry on if there are differences and discrepancies between state laws.

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