Sunday, July 28, 2019
Comparison of The Uniform Commercial Code and UCITA Essay
Comparison of The Uniform Commercial Code and UCITA - Essay Example Commerce clause which was founded in article 1,section 8 of the U.S. constitution was the one of the first and most significant attempts of the U.S. government to promote uniformity in commercial laws from state to state. Two key factors in section 8 are: "To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes" and "To establish a uniform Rule of Naturalization and uniform Laws on the subject of Bankruptcies throughout the United States". The National Conference of commissioners on uniform state laws (NCCUSL) on July 29 adopted Uniform Computer Information Transactions Act (UCITA) after revising the proposals again and again. The (UCC) Uniform Commercial Code is intended to promote uniformity in the area of (CIT) Computer Information Transactions. Here the question arises Ã¢â¬Å"What is computer information transactions?Ã¢â¬ "commercial agreements to create, modify, transfer or distribute computer software, multimedia interactive products, computer data and databases [and] Internet and online informationÃ¢â¬ all these things are included in computer information transactions under the model act.
Posted by Clinton Wright at 3:14 AM