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Business law is a state issue in the U.S. The reason that the U.S. has one set of legislation (more or less) is that 50 states (well, 49) have voluntarily adopt
by 0xBDB 2y ago
Business law is a state issue in the U.S. The reason that the U.S. has one set of legislation (more or less) is that 50 states (well, 49) have voluntarily adopted the Uniform Commercial Code. There is absolutely nothing stopping Europe from doing the same or similar except lack of political will.
- pests 2y agoWhich state hasn't? I thought all states have adopted it with their own variations / changes.
- jasinjames 2y agoWikipedia [0] says Louisiana hasn't adopted all of the UCC articles. [0] https://en.wikipedia.org/wiki/Uniform_Commercial_Code https://en.wikipedia.org/wiki/Uniform_Commercial_Code
- 0xBDB 2y agoLouisiana. I guess it's difficult to reconcile parts of it with the Code Napoleon. All other states have English common law as the basis of their legal systems.
- zeroonetwothree 2y agoWe also have the “dormant commerce clause” as a key protection. Europe doesn’t have anything like that AFAIK
- dukeyukey 2y agoTurns out political will is a hell of a lot easier in a single country like the US, than 27 like the EU. Especially when the US has fucntionally one language, and the EU has who-knows how many.