The UCC is designed to provide a level playing$-$field for commercial business transactions so merchants need not go through every formality for the thousands of transactions they conduct. Thus, whether the UCC or common$-$law contract principles apply are of the utmost importance in many cases.

The below is a brief of a case used in determining whether the UCC or common law contractual principles apply. Why does it really matter? Who stands to gain if the contract is governed under the UCC, Princess or GE$?$ What would be another example where in a dispute, whether the UCC v$.$ common law applied? $($Remember "the Mirror Image Rule"$).$