1. Why do you think the UCC is or is not important to merchants in order to effectively do business? Be sure to give examples. (Hint: Discuss how a common law contract is different from a contract between merchants under the UCC. Then explain why you feel the UCC difference is or is not important to merchants.)

2. What ethical considerations do you have when in a contractual relationship? (Hint: There are two factors in making business decisions. Law. Statutes and Court decisions, and ethics. Discuss how ethics should be a consideration in making business decisions.)

3. How can you improve your performance?