In commercial law the uniform commercial code is adopted by every state because it maintains the uniformity in every state. It was difficult for the businessman to do the business with other state as every state has got different commercial law. Due to this uniform commercial code has set law for business and the uniform commercial code is divided into thirteen articles. The uniform commercial code has set the law related to the transaction that is adopted by every state. It covers vast area related to the transaction in which borrowing or contract and other business deals that take place in the world of business. In business contract for sale, lease, distribution of goods is under the state law but states have adopted the uniform commercial code for these fields. The reason of adoption of uniform commercial code is because it provides rules for sale contract formation, modification, performance and remedies. Beside this uniform commercial code also define sale warranties that are important for the parties as they are involved in sales. The uniform commercial code sale warranties are warranty of title, implied warranty of merchantability, implied warranty of fitness for particular purpose and express warranties.
When we are related with commercial work we face lots of difficulties... [continues]
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(2010, 08). Commercial Law. StudyMode.com. Retrieved 08, 2010, from http://www.studymode.com/essays/Commercial-Law-388854.html
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"Commercial Law." StudyMode.com. 08, 2010. Accessed 08, 2010. http://www.studymode.com/essays/Commercial-Law-388854.html.