The Uniform Commercial Code

The Uniform Commercial Code (UCC) is a set of laws that standardizes commercial transactions across the United States. It provides a consistent legal framework for things like sales, leases, negotiable instruments, and secured transactions. By offering clear guidelines, the UCC helps businesses and individuals understand their rights and obligations, promoting fair dealings and reducing disputes. Adopted by individual states, it ensures that commercial practices are predictable, which benefits both buyers and sellers in various transactions.