Evaluation Of A New Business

Acme Fireworks needs to also take a look at the different employment types and relationships relevant to agency law, and try to analyze the advantages and disadvantages of each type specific to Acme Fireworks. Governed by Common law or Uniform Commercial Code (UCC) Common Law primarily does business with insurance, real estate, assets and employment contracts. While, UCC is primarily involved with sale of goods, Common law, Common law system emphasizes the making of rules through court decisions. (Rogers, 2012) Under the Uniform Commercial Code, must be liberally construed and applied to promote its underlying purposes and policies, which are: (1) to simplify, clarify, and modernize the law governing commercial transactions; (2) to permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and (3) to make uniform the law among the various jurisdictions. Unless displaced by the particular provisions of the Uniform Commercial Code, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement its provisions. (Cornell Law, 2015) I believe as the manager for Acme Fireworks that it would be a smart