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The Uniform Commercial Code and UCITA

Date Submitted: 09/10/2006 03:29:45
Category: / Business & Economy
Length: 2 pages (510 words)
Views: 27922

1. Before the UCC and UCITA, what was one of the first, and most significant, of the U.S. government's attempts 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; "To regulate Commerce with foreign Nations, and among …

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…to provide substantive guidance for these transactions. UCITA will make it possible for states to provide a neutral and predictable legal framework for transactions in computer information in Internet and in other transactional contexts, and for states to provide greater legal certainty for millions of transactions occurring daily. References: http:/www.jameshuggins.com/h/tek1/ucita.htm Cheeseman, Henry R. Contemporary Business and Online Commerce Law 5th Ed. Pearson Prentice Hall. Upper Saddle River, NJ

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