International Business Transactions - Essential rules in the USA Contract Law

International  Business  Transactions  

Contracts  build  the  life  of  a  company,  the  base  of  the  business  law.  However,  business  law  is  not  diritto  

commercial,  business  law  is  based  on  the  relationship  between  companies.  Corporate  law  instead  is  about  

types  of  company.  There  are  different  applicable  law  in  USA,  there  is  common  law  that  is  applied  in  the  all  

USA  and  state  laws,  applicable  in  only  precise  states.  From  the  last  group  we  have  UCC,  it’s  not  uniform  

because  it’s  valid  by  one  state  or  another.  Different  states  have  different  version  of  the  UCC.  It  is  not  

commercial  because  is  applied  also  for  consumers;  it  is  not  a  coda  because  it  is  a  private  collection  of  rules.  

The  UCC  cover  certain  institutes.  The  article  2  is  referred  to  the  sale  of  goods.  It  is  only  referred  to  

moveable  goods  and  not  real  estate  properties.  Some  states  enacted  different  version  of  the  UCC  that  

covers  other  institute  like  NY  that  has  the  article  2a  that  covers  the  lease  contracts.  So  if  I  have  a  lease  

contract  and  I  am  not  in  NY  I  will  apply  the  common  law,  if  I’m  in  NY  I  will  apply  the  UCC.  There  are  also  

mixed  contracts,  contracts  that  have  different  elements  that  came  from  different  contracts.  The  applicable  

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