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Acme Fireworks: Commo Common Law Vs Uniform Commercial Code

691 Words3 Pages

Acme Fireworks Business Organization
Introduction
As the manager of Acme Fireworks, with full information of the organization background, including the key businesses of selling retail fireworks, putting on group display fireworks and large ones as well. It will be my due role to understand the company and the 15 employees they have employed for the last two years since it was started and help implement certain Acts and laws in certain operations. The company operates as a sole proprietor and there are recommendations of changing the company into another entity type. It was further discussed that most of the fireworks display needs insurance, skilled labor and actual service to set off the fireworks. For Acme Fireworks to formulate a significant and comprehensive business plan that will expand the company contracts with new businesses there is need to look into few different areas of the entity as a sole proprietorship in relation to liabilities, contracts and employees to enable us recommend another business entity. In relation to this, there is need to consider the fact of hiring new employees while expanding the size of the company would create higher risks that might coincide or collide with certain lawsuits governing organizations and business operations. …show more content…

Uniform Commercial Code The contracts with the businesses for ongoing Acme performances would be governed by common law. This is the system of law that ‘emphasizes on making of rules through court decisions and traces the roots to England laws’ (Rogers, 2012). On the other hand, The Uniform Commercial Code (UCC) only governs commercial transactions in which goods are moveable. The UCC was “an endeavor to bring together state laws influencing business into a solitary code that all states could embrace to make interstate trade simpler and more proficient” (Rogers,

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