U ____ .., ___. ___ The Uniform Commercial Code (UCC) is a set of laws governing all commercial transactions in the United States. Even though the UCC is not a federal law, it is a uniformly adopted state law. This adoption allows businesses to enter condently into interstate transactions. When states abide by a uniform law, businesses know that contract terms will be enforced the same way by courts of American jurisdiction. The economy thrives because of this consistent enforcement. For this reason, the UCC has been called \"the backbone of American commerce.\" Upon successful completion of the course material, you will be able to: I Describe the applicability of the Uniform Commercial Code (UCC) to contracts for the sale of goods. Resources I Textbook: The Legal Environment of Business Background Information Article 2 of the UCC deals with transactions involving the sale of goods. Article 2 only covers the sale of goods. This is important to keep in mind that goods include items that can be identified and moveable at the time of the sale. Article 2 does not cover the sale of property, services, or intangible property like stocks and bonds. Those are covered in other Articles of the UCC. Instructions 1. Review the rubric to make sure you understand the criteria for earning your grade. 2. In your textbook, The Legal Environment of Business, review Chapter 1.1, \"Domestic and International Sales." 3. Read the following scenario: Milliner, Inc. is a manufacturer of women's hats. Lydia owns and operates a women's clothing store called Uptown Style. Milliner, Inc. advertised that they were closing out the stock of last year's hats. "Lydia responded to the advertisement. Milliner, Inc responded to Lydia telling her, \"Milliner has twenty-four designer hats of assorted styles. The price is set at $30 per hat.\" Lydia replied, "I'll take them." The next day Milliner Inc. emailed the following confirmation letter: \"This email is to confirm our contract for twenty-four hats of assorted styles at $30 per hat, plus shipping, for immediate shipment, payment on delivery." Milliner Inc. Lydia did not reply to this email. Milliner, Inc. shipped the hats to Lydia's place of business and enclosed an invoice that billed Lydia for $750- twentyfour hats at $30 per hat, plus $30 shipping charges. Lydia accepted the hats and made no complaint about them or the charges, but she has refused to pay anything to Milliner, Inc. A month later, when Milliner, Inc. complained about not having been paid, Lydia admitted that she owed Milliner $720 but contended that she did not owe the $30 because "I never 'agreed to pay the shipping charges." 4. Prepare an APA-style paper covering each of the following questions regarding the case scenario: Was a contract formed between Milliners, Inc and Lydia? Does the statute of frauds apply to the Contract between Milliners Inc and Lydia? Why? Are Milliners Inc. and Lydia considered merchants? What effect does this have on the contract? Does Lydia have to pay the shipping costs? Explain your reasoning. 9-9?!\" U1 . The paper should contain at least 500 words and use three credible sources that are properly cited. 6. When you have completed your assignment, save a copy for yourself and submit a copy to your instructor using the Assignment submission page by the end of the workshop