Ucc vs. Ucita

In: Business and Management

Submitted By hawaii103783
Words 803
Pages 4
Robyn Spelts
American InterContinental University
BUSN150 Assignment 4

* Before the UCC and the 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? (Hint: think of commerce and Constitution.)
The "Commerce Clause" of the U.S. Constitution was one of the first acts of U.S. government in regulating commerce. It supplies Congress with the sanction to regulate not only business, but any interaction conducted between organizations situated in different States (Gibbons v. Ogden (1824)). This authority encompasses all areas of interstate commerce (radio, telephone, waterways, highways). This also incorporates intrastate handling that has a collective and significant influence on interstate trade (employment, agricultural, and housing prejudice). * Based on the information presented above, what do you see as the major differences between Article 2 of the Uniform Commercial Code and UCITA?
Article 2 of the UCC is designed to expedite the sale, consignment and distribution of tangible products. A tangible product is one in which you can touch or feel (Robyn Spelts. June 24, 2011). The purpose of Article 2 is to bring sales law closer to the needs and practices of businessmen.
The UCITA is anticipated to simplify the authorizing of intangible computer-related property, with a prominence on allowing proprietors of software the capability to preserve domination over their possessions eternally. An intangible product (that still also counts as a product in the business marketing mix) is one that cannot be touched. Examples of this are commercials, repair work, and tax preparation. Other examples of products are places and ideas (Robyn Spelts. June 24, 2011). The concern comes from the overwhelming power of the software designer and the lack of…...

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