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PM 598 Uniform Commercial Code Discussions 1 Week 7
TCO H is as follows: Given a claim on a major contract, analyze the role of commercial terms and conditions, the Uniform Commercial Code (UCC), and applicable government regulations on the outcome. Assume that you are a seller, and the buyer makes a claim on a major contract that you oversee. Let’s discuss the following aspects of the UCC. First, how might commercial terms and conditions impact the outcome? Second, analyze the potential role of the UCC on the outcome. Third, what role might applicable government regulations play on the outcome? Fourth, if the agreement is silent on a topic, how might the UCC protect each party? Also, consider why the Uniform Commercial Code exists. Is it important? How does it affect commerce? What is the maximum amount for a forcible verbal agreement? Is the UCC a state law? Does it apply equally in all states?