Uniform Commercial Code

Question 1: How does the Uniform Commercial Code define "merchant"? Why does the UCC distinguish between merchants and non-merchants? (2.5 points) Answer: As indicated by UCC "Trader" implies a man who bargains in merchandise of the kind or generally by his occupation holds himself out as having learning or expertise impossible to miss to the practices or products included in the exchange or to whom such information or ability may be credited by his business of a specialists or dealer or other go-between who by his occupation holds himself out as having such learning or aptitude. No. Article 2 recognizes vendors and non-shippers. Much of the time, the U.C.C. holds traders to a higher standard. Under the U.C.C., a trader is one who…

to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation. Laws relating to the sale of goods, in other words, sales law, have their origin in the common law principles of contracts. Article 2 of the Uniform Commercial Code (UCC), however, which governs sales law, has made changes that meet the needs of merchants and consumers who deal with one…

legal issue presented in this case is the requirements for an instrument to be negotiable. The question in this case is if the RISC meets the qualifications of a negotiable instrument. According to our textbook, Business Law Text and Cases, for an instrument to be negotiable, it must meet the following six requirements be in writing, be signed by the maker or the drawer, be an unconditional promise or order to pay, state a fixed amount of money, be payable on demand or at a definite time, and…

The UCC protects the HDC because, HDC as a third party is less likely to be responsible for most fraudulent instrument. The UCC can sometimes fail to protect “the loser party” involved with fraud because of Good Faith Status. For example in one of the cases from unit 5, Negotiable Instruments. A bank was contacted by an imposter who claimed to be Ronald E. Wilder, but was later found he wasn’t. The imposter who claimed to be Ronald E. Wilder obtained an 18,000 dollar loan from the bank and was…

For example, the author of this commercial obviously thinks that Charmin is the number one brand for toilet paper. That is all an opinion though because everybody has different tastes. Since the author believes that Charmin is the best toilet paper around, it must also mean that the author believes that it is the softest and longest lasting toilet paper. Another appeal that is used is pathos. The bears set off an emotional aspect that gets the audience to watch the…

According to the textbook, Business Law Today written by Roger Miller that Uniform Commercial Code Section 3-403(a) “ the bank must recredit the customer’s account when it pays a check with a forged signature” (Miller, Ch. 24-3f). In this case where BB&T is liable for processing Union’s check with a forged drawer’s signature. Also according to UCC Section 4-406(f) that “a customer who fails to report a forged signature within one year from the date of the bank statement loses the legal right to…

As a Marine, the civilian world sees us as an immaculate figure to the United States. In a way giving us the respect and honor we so proudly earn. Inside the Marine Corps we learn to honor these values and morals we received since boot camp. It molds us to become disciplined and show this figure to others. If we loose focus as a Marine we sadly decline that and become to be a lesser than normal civilian. The discipline and the honor fades immediately. One example of this is disrespecting…

The military has a set of rules that every member must follow. These laws hold them to an even higher standard than state and federal laws. Enlisting in the military involves stating an oath, which says that this is a choice without reservation or purpose of avoidance. Locally, the effect of this choice is all around us; there are over three thousand soldiers in the Montana National Guard. The army instills multiple creeds and acronyms into all its up- and- coming soldiers, in attempts to have…

important and must be followed. Following orders are important due to the fact that they can also be used in the combat field, instill discipline and build good character. School and classroom rules are not just important there, but as well in the combat zone. Out in the battle field is a prime example of why following orders is important. When a soldier disobeys an order, the outcome can cause a domino effect to occur. If a soldier is told to pull security while their battle buddy sleeps and…

Army Sgt. Bowe Bergdahl will face general court-martial in connection with his 2009 disappearance from his base in Afghanistan, the service announced Monday, raising the possibility that the soldier could face life in prison after being held captive for five years. Bergdahl, 29, is charged with desertion and misbehavior before the enemy. He has been a political lightning rod since he was exchanged in May 2014 in a prisoner swap approved by the White House in which five Taliban officials were…