Most contracts are governed by common law, while sales contracts are governed by Article 2 of the Uniform Commercial Code. What are the advantages of the UCC over common law in promoting contract formation and in expediting the completion of a business transaction. What flexibility the UCC concepts can provide to ease any burdens on the business and what risks may come as part of that potential reward.
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Most contracts are governed by common law, while sales contracts are governed by Article 2 of the Uniform Commercial Code.
- What are the advantages of the UCC over common law in promoting contract formation and in expediting the completion of a business transaction.
- What flexibility the UCC concepts can provide to ease any burdens on the business and what risks may come as part of that potential reward.
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