Before the UCC and the UCITA, Article 1 Section 8 of the U.S. Constitution set out the rudimentary principles that regulated commerce. It allowed Congress to collect taxes and duties, to borrow money and to coin it, establish uniform rules on the subject of bankruptcies as…
ransactions between the fifty states in the USA; the provisions in the Constitution under Article 1, section 8 may be seen to have achieved the same objective. For example, Section 8 specifically seeks to “regulate commerce with foreign nations and among several states and with the Indian tribes”. (www.topics.law.cornell). Moreover, it also sets out the distribution of powers among the centre and the states, by setting out the arming and disciplining of the militia as the province of the central government while the appointment of the officers and the training of the militia are to be reserved by the States. In this way, this part of the Constitute sought to provide some form of overall regulation of trade and commerce occurring between the different states. Since this section also sets out the principles of borrowing and coining money as well as fixing standards and providing for punishments of illegal commerce activities such as counterfeiting of money, it did provide an overall system of governance in the area of commerce, which makes it the effective precursor of specific legal provisions such as the UCC and UCITA.
2. Article 2 of the UCC specifically deals with the rules regulating the formulation of contracts and the procedures association with the repudiation of contracts and any breach that occurs (Rumbaugh, 2004). As opposed to this, the UCITA is specifically formulated to regulate e-commerce and computer associated transactions. The UCC also has a more pervasive role because it deals with a much wider range of issues that have been found to be relevant in contract and have been applied over the years, such as consideration, breach of contract, the battle of forms and similar issues, which allows it to play a more pervasive role. As opposed to this, the UCITA poses an entirely different set of regulatory issues which arise in the context of the technological environment. These issues are still developing, such as software piracy, difficulties in ...
Cite this document
(“Individual Project Essay Example | Topics and Well Written Essays - 1000 words - 3”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/405627-individual-project
(Individual Project Essay Example | Topics and Well Written Essays - 1000 Words - 3)
“Individual Project Essay Example | Topics and Well Written Essays - 1000 Words - 3”, n.d. https://studentshare.net/miscellaneous/405627-individual-project.
It is as a result of this fact that several organizational experts have underscored the importance of knowing and understanding each and every person’s individual culture before coming up with an organizational structure for the organization (Hill, 2008).
Ethical standards cannot be always enforceable in the company since they are more frequently defined and somehow open to interpretation. However, there are some ethical standards that are very specific for example “Every executive team member of the Expert Consulting Group (ECG) must disclose his or her financial interest in the Government Allies in the company”.
The report is written before the sentencing hearing. In the determination of the sentence, the judge uses the report. In case the defendant is sentenced to prison, the report is utilized by the Department of Corrections to determine programming, and placement. The
As the market risk premium has decreased, the calculated stock price has further declined to $0.15.the resaon for this low figure may be that the company is showing negative 3-year and 5-year growth in
However, the main difference between macroeconomics and microeconomics is the scope that they cover.
Microeconomics, in a sense, focuses on the discrete component of that makes up the economy including an individual, single household, or a particular business organization
The CEO of a company has a lot of power which they can exercise over their employees. It is said that 80 percent of the power and responsibility in the organization lies with the CEO.
A leader is someone who
Today they have to look only to one solution to achieve this: minimizing costs.
The primary hazard that is faced is the high costs of raw materials and labor. This is the reason that the trend towards shifting all
This is because the fraction cannot be reduced any further without using decimals and not whole numbers. If there were 390,000 individuals who could work, then 35,100 individuals would be unemployed. The equation used to figure this out is
In most cases, the quantitative methods and analysis are often used to discuss financial properties and applications in an organization (Alexander, Vol. IV, 2008). Alternatively, the qualitative methods have been used to understand the market domain; however, the
3 Pages(750 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Individual Project for FREE!