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Uniform Commercial Code Case Study

897 Words4 Pages

Introduction: In Law Sale of Goods commercial contracts exposed to conflicts. The best way to overcome this issue is to comprehend the Uniform Commercial Code (UCC) in the United States, and the United Nation Convention on the Contract for International Sales of Goods (CISG). Acknowledge of the two laws enhance introducing lucrative legal contracts and enable the two parties rights to match with the laws either internationally or the United States locally. Business transaction terms are also significant keys of attention before signing a commercial contract between two parties either a buyer or a seller.
What’s the (UCC)? The UCC is a Code (or ‘’rules’’) governing commercial transactions, drafted conversationally by the National …show more content…

The CISG Contracts general agreed the oral agreement contracts, on the other hand, the UCC disagree this provision of the CISG terms. And agree to written contracts only per ''Statute of Frauds''.
Additionally, under the CISG the contract can be formed even if it contains additional terms. If there is an additional term related to the place, time, quality, quantity, price and payment of delivery, liability extended to the one party to the other and the CISG consider the added term a ''material alteration''. Under the UCC, the agreement is effective on dispatch.
Under the CISG contract is not formed until the offeror receives the acceptance. Also, in contrast to the UCC, the CISG provides that acceptance by performance does not require the offeror notified of the performance.
Similarities between UCC & …show more content…

Although, sales of consumer goods are not adjusted by the CISG but are adjusted by the UCC. Specific Similarities in Contract explanation: Contracts are often obscure in certain areas, but both the UCC and CISG provides the same way of interpretation. To decipher ambiguities, the UCC and CISG allow the use of course of dealing, course of performance and usage of trade. Specific warranty similarity is: Both provides similar coverage for warranties, including, specifically implied warranties of merchant strength and fitness for a particular purpose. These implied warranties may mention in sections 2-314 and 2-315 of the UCC and Article 35 of the CISG. Although, Specific Similarities in Remedies: Under both the UCC & CISG, the buyer right will include delivery of accepting goods, and the right to receive the difference in the paid price vs. the goods value received from seller. Seller’s rights include forcing the buyer to pay, take delivery, or perform its committed, and recovery of profit

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