Shipping is risky business. Every day
millions of dollars' worth of goods are
in transit to buyers or are being held
in warehouses till buyers come to pick
them up. If those goods are damaged
in transit or in storage, who is legally
responsible for the loss?
The answer is provided by the
Uniform Commercial Code, a set of
regulations concerning commercial
transactions that has
been adopted in whole or
in part by every state.
The code is premised on
the idea that the parties
to an agreement should
be free to decide on all
the terms of that agreement.
But if the parties
don't include terms — or
don't provide complete
terms — the code contains
the rules for a judge