UCC (Uniform Commercial Code)

The Uniform Commercial Code (UCC) is a set of laws designed to standardize and simplify commercial transactions in the United States. It covers a range of topics, including the sale of goods, leases, negotiable instruments, and secured transactions. By providing a consistent framework, the UCC helps businesses understand their rights and obligations, reducing legal complexities and promoting fair trade. It’s adopted in varying degrees by all states, ensuring that transactions are more predictable and easier to manage across state lines.