The Uniform Commercial Code (UCC)

The Uniform Commercial Code (UCC) is a set of laws designed to harmonize and simplify commercial transactions in the United States. It covers various aspects of business dealings, including the sale of goods, leases, negotiable instruments, and secured transactions. By providing a consistent legal framework, the UCC helps businesses understand their rights and obligations, reduces disputes, and fosters commerce across state lines. Each state can adopt the UCC, with some variations, ensuring a balance between uniformity and local legal needs.