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Commercial Contract SEC Gov Form

Commercial Contract SEC Gov Form

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so we've left off talking about contracting systems and we said the contracting system we're going to focus on the first half of the class anyway is article 2 of the Uniform Commercial Code now article 2 is a part of the Uniform Commercial Code once upon a time every state had its own sales law such that a sale was defined in different ways in different states guidance for the performance of the sales contract differed depending upon which state you were in remedies available for the failure to perform differed depending on which state you were in and this was the the system that was prevalent the United States up through the 1930s 1940s every state had its own sales law and it was not that problematic because there were most sales were local back then there was very little sales conduct conducted across state borders that would wait until the 1940s and the 1950s and so it quickly became clear that a uniform set of rules governing sales contracts would promote Commerce

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