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The new (and improved) Article 2 to the UCC.(Uniform Commercial Code)

Business Credit

| March 01, 2005 | Rumbaugh, Charles | COPYRIGHT 2005 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

In case you have not yet heard, a new--albeit amended--Article 2 (Sales) to the Uniform Commercial Code (UCC) may be coming real soon to your state. Recently, after a lengthy process, certain amendments to Article 2 were adopted by its drafters, the National Conference of Commissioners on Uniform State Laws and the American Law Institute.

Those amendments have now been referred to several states for consideration as possible legislative amendments to their state commercial code. These UCC amendments will trigger the necessity of all buyers and sellers to "revisit" their organizational terms/ conditions of purchase/sale, negotiation "tactics" and the ...

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Source: HighBeam Research, The new (and improved) Article 2 to the UCC.(Uniform Commercial Code)

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