Uniform Commercial Code Article 2 and e-commerce sales regulation

Uniform Computer Information Transaction Act

The prevailing decade has been significantly marked as a decade of high technology and advancements. The most technological nations across the world have drifted from conventional and traditional brick and mortars business to the online rather the dot com era of advancements.

Either of the two generations of the dot com business advancement, accessibility and understandability remained the core issues. The very ideology that forms the mainstream of the e-commerce business is the exchange of goods and services for an equivalent amount of cash payment. The e-commerce business completes its phase of existence by means of the common modes that include

Business to business transaction

Business to consumer transactions

Consumer to consumer transaction

Business to government transaction

Government to business transaction

Consumer to government transaction

Government to consumer transaction

Because the basic condition to satisfy the online transaction involves the exchange of goods and services against the financial deposit or money.

When the point and involvement of money is elevated in an online transaction the importance and need of security automatically amplifies. It has been for this reason that the second generation of ecommerce rather the dot com boom is marked with a significant intervention of the state laws to advocate the degree of security that is necessary to execute an online sale. The Uniform Commercial codes is a similar initiative by the U.S.A. government to ensure that the sales and other business activities are being operated at a full capacity and the paths of transaction are scrutinized by the state by means of the laws the government has proposed (Bouchoux, 2001, p. 55).

The following paper shall emphasize on the uniform Commercial Codes Article 2, that deals in the sales of goods and is based on the contract law of the state. The pros and cons as well as the importance of the laws have been elevated.

Uniform commercial codes

The uniform commercial codes are defined as the customary set that are advocated as the business laws and are responsible for regulating the financial contracts. Majority states of the United States exercise these codes as they are the uniform commercial codes and are formulated under the rigid supervision of the state and the jurisprudence. The UCC gives a complete set of codes that can be utilized in all sorts of business transactions as it contains nine discrete articles to deal all situations of the business activities. And as a matter of fact each article of the UCC has a separate condition to cater based on banking and various other financial institutions. The UCC hereby enables the secured lending and borrowing of money (Koslow & Huerta, 2000, p. 41).

Need of uniform commercial codes

The uniform commercial codes serve as a concrete foundation of the business activities of all types and kinds. The fact needs to be acknowledged that without uniform and standard codes prescribed by the state it would be difficult for the buyers and sellers to exchange their interests. Particularly in the prevailing situations where almost every business is transforming to dot com that is click and mortar avenue to enhance sales and exploit all the possible thresholds of profitability. The advancement in the technology has a two way impact on the business activities that is one hand they are a source of comfort for the buyers and on the other hand there security is a major concern. The UCC is playing an important role is securing the business transactions among the buyers and sellers. It has been for this reason that the businesses that operate as ecommerce business as well as the traditional businesses it is important to ensure that the buying and selling of the goods is abided by the norms and are secure (Steiner & Guth, 2005).

Uniform commercial code article 2

The Uniform Commercial Code Article 2 deals in clauses that pertain to sales of all types of goods and services. As per the modern ecommerce business and the second generation of the dot com boom it is really important to ensure that the business operating online should focus primarily on the security of the transactions that are prompted by online sales and purchases (Alboukrek, 2003).

The applications of uniform commercial code article 2

The application and the major entities involved in the Uniform Commercial Code Article 2 dealing in sales are described below and the mechanism of its operation is also discussed. The agents that have a solid position in the online sales and purchase are as follows it has to be kept in mind that these entities are legally recognized and are coved by the UCC article 2.

The Uniform Computer Information Transaction Act

The Uniform Computer Information Transaction Act (UCITA) is a contract law that has been developed to efficiently and effectively legalize transactions that involves non-tangible computer articles including the software and other intellectual properties. This also covers the online access to software, the access to the e-books and e-magazines. This particular act of The Uniform Computer Information Transaction Act was formulated over the surveys and efforts of four years since 1996 to the year 1999.

The Uniform Computer Information Transaction Act (UCITA) is mainly designed to be accepted as a formal consideration that has to be followed by the entire fifty legislations that are the states including the regions of Colombia and the American areas. Irrespective of the fact that The Uniform Computer Information Transaction Act (UCITA) has been designed over time and consideration from the point-of-view of both the buyer as well as the seller, but yet controversies have been observed to circulate pertaining to The Uniform Computer Information Transaction Act (UCITA)

In view of the fact that 2000 libraries have joined with a miscellaneous alliance of allies including retail and manufacturing concerns, consumer advocates, insurance and financial institutions and other nonprofits in the course of forming a strong opposition whenever The Uniform Computer Information Transaction Act (UCITA) is considered as their personal interests are affected by this commercial law (Mahdi, 2001).

The Uniform Computer Information Transaction Act (UCITA) has so far devised and organized itself in a way that the commercial law tends to induce consistency and confidence to the basic norms that are treated by the software and the websites that owns valuable information and researches worth hundreds of dollars but there are many reasons that have resulted into the outbreak of the controversies pertaining to The Uniform Computer Information Transaction Act (UCITA).

More precisely The Uniform Computer Information Transaction Act (UCITA) is an effort to promote uniformity of codes that protect the intellectual properties. This also promotes the norms of fair usage of the available tills of data on the web.

UCITA normally endorses the strength of software certification; this includes the Shrink wrap and the Browse wrap agreements. This implies that the time duration that the customer is allotted with an flexibility of returning the goods and tangible services if at any point of time the legal documents of the seller are found to be illegal and the seller has no proper documentation and approval of the goods and services he sells.

The basic requirement of the Uniform Computer Information Transaction Act (UCITA) law grew from the malfunction of the Uniform Commercial Code to sufficiently encompass software transactions.

It has therefore been regarded that the laws pertaining to the software application can result is devastating consequences if not tackled adequately. The basic reason as mentioned that moved towards the formulation and adaptation of the Uniform Computer Information Transaction Act (UCITA) was the ineffective functioning of the Uniform Commercial Codes. The Article 2 of the Uniform Commercial Code duly caters all forms of sales but as a matter of fact the Uniform Computer Information Transaction Act (UCITA) is an efficient advancement of the law. The reason why the major school of thoughts and influential institutions are in a coalition against the law is because they tend to forgo the utilitarian approach and the required ethical conduct of the mischief makers.

As a matter of fact if one glance over the economies and the malfunctioning of the law making institutions of the third world countries than it will be noted that the stiff state action might yield short-term losses but in the long run it will yield prosperity for the software developers as well as the users will feel themselves aware of the responsibility they own for the intellectual property rights.