Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, including the sale of goods, negotiable instruments, and secured transactions.
Encyclopedia entry: Uniform Commercial Code
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Uniform Commercial Code
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, adopted in some form by every state and the District of Columbia. It aims to provide uniformity and consistency across states’ commercial laws . The UCC covers various aspects of commerce , including the sale and lease of goods , negotiable instruments , secured transactions , as well as on other categories related to banks and commercial transactions .
See also: Commercial Law
[Last reviewed in July of 2024 by the Wex Definitions Team
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Encyclopedia content from Cornell LII Wex (CC-BY-NC-SA 2.5).
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.