Scottsdale, AZ asked in Business Law for Arizona

Q: Wasn't the uniform commercial code established to bring forth a universal system for all states and if so why?

Additional details to this question would be why the need for statues and codes that aren't in line with the uniform commercial code?

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3 Lawyer Answers
Tim Akpinar
Tim Akpinar
Answered
  • Little Neck, NY

A: The Uniform Commercial Code was established for standardizing transactions in a number of areas, including the sale of goods, negotiable instruments, banking transactions, letters of credit, secured transactions, and other areas. However, state and local legislatures can enact laws in these areas as well.

1 user found this answer helpful

Randi Sirlin
Randi Sirlin
Answered
  • Phoenix, AZ
  • Licensed in Arizona

A: This question does not appear to me to be related to family law. I would need much more detail to answer your question.

Nothing in this response should be construed as providing legal advice.

If you need assistance, I recommend you contact an experienced attorney who is familiar with the U.C.C. (Uniform Commercial Code).

Peter N. Munsing
Peter N. Munsing
Answered

A: If this is for a homework question, my advice is you'll learn more doing your own research. The UCC is not a federal law but adopted by states. They can adopt as little or as much as they wish. Other laws are enacted because the Code tends to be written by the corporations for the corporations, not for the consumer.

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