Model Uniform Commercial Code

The Uniform Commercial Code (UCC) is a standardized set of laws adopted by most U.S. states to govern commercial transactions. It provides consistent rules for buying and selling goods, securing loans with personal property, leasing assets, and other business activities. The UCC aims to facilitate smooth commerce by reducing legal uncertainties across state lines, ensuring that parties have clear guidelines for handling transactions, disputes, and rights related to personal property and financial agreements. It helps create a predictable legal framework, making business dealings more efficient and fair.