The Uniform Commercial Code

The Uniform Commercial Code

The Uniform Commercial Code

The commercial laws were numerous and therefore created inconsistency and uncertainty this then lead to the creation of a code that would then cover all the doctrines and principles inclusively. Thus the emergence of Uniform Commercial Code that has the provision of article 2 that we are to discuss below .

Article 2 is considered as the most important and essential section in the law for the viability of the Uniform commercial code in general it forms the core. It applies mainly to the transaction in goods. The above Art defines the freedom of contract in this case to participate in the exchange of the goods and services. It also ensures compliance hence a fair market that accommodates all the parties involved. The contracts that are covered in the Article 2 are the contracts governing the sale of goods and codification of the commercial contract law that govern forms of property other than sales.

In expansion Article 2 is then directed to govern the leases of goods and intellectual property or goods to be severed from realty. Article 2 deals majorly to the extent of consumer protection in the exchange of goods and services for money as consideration in the view of mercantile aspects on the other hand there are limitation as well set apart as a control measure. Intellectual properties have been perceived as intangible and incorporeal in nature hence cannot be located neither attached to the goods that can be touched or rather felt and seen. Article 2 is also applicable to the mixed transactions as well as intangibles such as computer software.

In conclusion, Article 2 provisions revolve about the sellers and buyers and fail to make distinction for the consumer and non-consumer contracts. This then gives room for the consumers’ vulnerability in the event of default.