There are thousands of marriages every year that end up in divorce, with the most recent years being hit the hardest.
With so many people getting divorced, it’s no surprise that many people are confused about marriage as a whole. One issue, in particular, that’s confusing is whether you’re married by common law or by the law of community property.
So, what exactly is the difference between UCC vs common law? We’re going to break down everything you need to know in this article. Keep reading to become an expert on the topic.
Ucc vs Common Law
What Is UCC?
The Uniform Commercial Code (UCC) is a body of laws governing commercial contracts, sales, and negotiable instruments. It is a set of rules and regulations applicable to both federal and state commerce and contracts.
It provides principles of contract law, such as paragraph headings, stating terms for contracts for sale, purchase, and other related transactions, in addition to creating uniform guidelines for determining when and how contracts should be enforced.
The UCC is largely adopted in all 50 states and the District of Columbia. UCC is based upon a body of codified laws created specifically for commercial transactions. The majority of contractual matters are governed by the UCC.
Check these UCC web services today for more information.
What Is Common Law?
Common Law is a legal system that develops through rulings of judges and courts rather than relying on statutory laws or codes. It is about precedents that are created by judges through court decisions.
Common Law is based on custom, tradition, and legal precedent as opposed to other legal systems, which may rely on legislation or directives from a governing body. It is used primarily in the United Kingdom, the United States, Canada, Australia, and India.
Differences Between UCC vs Common Law
UCC and Common Law are two distinct bodies of law with similar objectives. But, there are some distinct differences. Generally, UCC applies to merchants and deals with governing contracts, notes, certificates, and other commercial/business documents.
While common law applies to all citizens and applies to a wide spectrum of legal issues. Such as torts, criminal law, and property rights. UCC is state-based and was developed in an effort to ensure consistency in state laws, while Common Law is developed over time and differs in each state.
Finally, Common Law tends to focus on fairness, while the UCC aims to bring certainty to commercial transactions. UCC and Common Law are most effective when used together, as together, they can provide a solid legal framework to govern both commercials as well as day-to-day legal issues.
Get Informed About UCC vs Common Law
The differences between UCC and common law are vast and require legal counsel depending on the specifics of a case. Ultimately, it is important to seek out experienced legal help to ensure that one’s rights and interests are protected.
Contact an experienced business attorney for insight and guidance in understanding UCC and common law.
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