Uniform Commercial Code: Difference between revisions
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{{g}}A basic set of commercial terms which apply under [[ | {{g}}A basic set of commercial terms which apply under U.S. law to commercial [[contract]]s — unless you agree that they shouldn’t. | ||
They tend to imply basic standards of fairness and reasonableness. One reason why US [[broker-dealer]]s tend not to have [[terms of business]] — they’re set out in the UCC so you don’t need them. Also the historical, but as it turns out bogus, reason [[U.S. Attorney]]s like to [[Conspicuous|SHOUT IN CAPITALS SO MUCH]]. | |||
{{sa}} | {{sa}} | ||
Latest revision as of 13:30, 14 August 2024
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A basic set of commercial terms which apply under U.S. law to commercial contracts — unless you agree that they shouldn’t.
They tend to imply basic standards of fairness and reasonableness. One reason why US broker-dealers tend not to have terms of business — they’re set out in the UCC so you don’t need them. Also the historical, but as it turns out bogus, reason U.S. Attorneys like to SHOUT IN CAPITALS SO MUCH.
See also
- Implied terms
- Commercially reasonable manner
- Conspicuous
- Whether writing in CAPS LOCK is all it cracks up to be.