Uniform Commercial Code and UCITA
Title: Uniform Commercial Code and UCITA
Category: /Law & Government
Details: Words: 531 | Pages: 2 (approximately 235 words/page)
Uniform Commercial Code and UCITA
Category: /Law & Government
Details: Words: 531 | Pages: 2 (approximately 235 words/page)
1. What was one of the first, and most significant, of the U.S. government's attempt to promote uniformity in commercial laws from state to state? <Tab/>I think the most significant attempt to promote uniformity in commercial laws from state to state was the "commerce clause", which is found in article 1, section 8 of the U.S.
constitution. Two key factors in section 8 are; A.<Tab/>"To regulate
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contract law that provides clear, consistent uniform rules for the intangibles subject matter involved in computer information transactions in Internet and elsewhere and no uniform law developed to provide substantive guidance for these transactions. UCITA will make it possible for states to provide a neutral and predictable legal framework for transactions in computer information in Internet and in other transactional contexts, and for states to provide greater legal certainty for millions of transactions occurring daily.