U.S. Uniform Commercial Code (UCC)

The U.S. Uniform Commercial Code (UCC) is a set of standardized laws that govern commercial transactions, such as the sale of goods and secured transactions (like loans secured by property). It aims to harmonize laws across states, making it easier for businesses to operate nationally. Key areas covered include sales contracts, lease agreements, and warranties. By providing clear rules, the UCC helps reduce disputes and confusion in business dealings, ultimately promoting fairness and efficiency in commerce.