UCC
The Uniform Commercial Code (UCC) is a set of laws designed to standardize and simplify 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 reduce confusion and disputes in commercial practices.
Adopted in all 50 states, the UCC facilitates smoother trade and commerce by ensuring that businesses understand their rights and obligations. It is regularly updated to reflect changes in business practices and technology, making it a vital tool for both businesses and legal professionals.