What is the UCC?

A Business FAQ with Joshua A. Diveley.

The UCC is a set of uniform laws that have been developed as kind of a recommendation for the states to apply and adopt for their states. It stands for Uniform Commercial Code and it covers different commercial matters like sales of goods, secure transactions and negotiable instruments. It is not the law but it is a recommendation of what the law should be. Some form of the UCC has been adopted in all 50 states.

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