The uniform commercial code and ucita essay

Consumer to government transaction Government to consumer transaction Because the basic condition to satisfy the online transaction involves the exchange of goods and services against the financial deposit or money. When the point and involvement of money is elevated in an online transaction the importance and need of security automatically amplifies. It has been for this reason that the second generation of ecommerce rather the dot com boom is marked with a significant intervention of the state laws to advocate the degree of security that is necessary to execute an online sale. The Uniform Commercial codes is a similar initiative by the U.

The uniform commercial code and ucita essay

UCITA allows software vendors to avoid liability. They can sell software material that does not work and can avoid being liable to it. UCC involves the sale of goods. If the goods are in bad condition, the seller is fully liable to it.

Ucc Vs Ucita - Essay

Difference between selling and leasing Selling is the last step in commerce. It involves exchange of goods and services for cash. The seller gives out the goods and receives cash in form of money. In business, nothing happens until one makes a sale.

This process happens through a marketing process.

The uniform commercial code and ucita essay

Marketing is a management activity whereby goods and services move from an advertiser to the customer. It is based on business thinking in relation to the customer.

It consists of identification, product development, price determination, distribution channel selection, implementing a promotional strategy. The aspect of marketing aids selling to a greater extends.

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Before one engages in selling, marketing is the best idea since it attracts customers. Once a product has met public eyes, it is possible that some people will buy Sepinuk, This is a process whereby a firm gets ownership of an asset and pays for it through periodic payments that are deductible. The lessee receives the asset or the service and the lessor owns the asset.

The uniform commercial code and ucita essay

Relationship between landlord and tenant is termed as tenancy and the fixed period of time that the contract exists is called a lease term. Money paid for the leased property is called rent. In normal circumstance, when one owns property, he can utilize it the way he feels like.

But if he has leased out the property, he relinquishes ownership of the property to the tenant Raysman, Any interference with the property will be unlawful. The legal distinction between selling ad leasing is that in leasing, one does not fully relinquish his property to the tenant.

The ownership is transferred for an agreed period of time only. In selling, ownership of property is completely ceded to the buyer. The buyer enjoys full ownership of the property. Also in leasing, there must be a written agreement involving the landlord and the renter.

The agreement confirms that the two have entered into a contract of which if anyone amongst them breaches; he is liable and can face the law.

Selling agreement just exists for a short time.

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It is only for that time when the buyer is purchasing property. The states that voted against it were: It allowed software vendors to prohibit movement of software material from one organization to another.First published in , is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

The Uniform Commercial Code (UCC) is a "code" or a "collection of statutes." This is the type of law that may be adopted by all U.S. legislatures, including the U.S. Congress, the Virginia General Assembly, other state legislatures, and even a .

The UCC refers to the Uniform Commercial Code which originally created in year by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, which are two national nongovernmental legal organizations (Steingold, ). Among these Acts are Uniform Commercial Code (UCC) and the Uniform Computer Information Transaction Act (UCITA).

These laws conform to the United States constitution and are a guide to those individuals in the business and commerce sector. The Uniform Commercial Code (UCC or the Code), first published in , is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

Oct 17,  · The Uniform Commercial Code (UCC) is a set of standardized rules that applies to most commercial transactions in the United States. It isn’t law in and of itself, but most states have adopted it in some form or another.

The Uniform Commercial Code - Sample Essays