1982 Uniform Commercial Code

The 1982 Uniform Commercial Code (UCC) is a set of laws aimed at standardizing and simplifying commercial transactions across the United States. It covers various aspects of business law, including sales of goods, leases, negotiable instruments, and secured transactions. By providing consistent legal rules, the UCC helps facilitate commerce between businesses and individuals, making it easier to understand rights and responsibilities in transactions. Its purpose is to reduce conflicts and uncertainties in business dealings, promoting fairness and efficiency in the marketplace.