Uniform Commercial Code (UCC)

The Uniform Commercial Code (UCC) is a set of laws designed to standardize commercial transactions across 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 and individuals understand their rights and responsibilities in commercial activities, facilitating smoother transactions and reducing legal disputes. It is widely adopted across states, although some elements may vary. Overall, the UCC aims to promote fairness and efficiency in commerce.