Arguments for and against a uniform commercial code

Arguments for and against a uniform commercial code

The requirements are as below, you have to answer the following questions:

1. Please pay attention here: The question is not if we can apply the US UCC globally but if we can design a uniform global code valid for all countries.
2. Is Uniform Commercial Code advisable for all countries?
3. What difficulties do you see in this?
4. What role shall differences in Legal systems, Customs, and Level of economic development have in this regard?
5. What would be the advantages?

Structure assignments as follows:

Introduction – What is the question?

Introduction – Why is it relevant?

Introduction – State your conclusion

Discussion – Identify and discuss the major issues

Conclusion – State your conclusion + summarize arguments

(It will be better if you write more than 300 words but less than 500, thanks a lot.)