1. What is the Uniform Commercial Code (UCC)? • The UCC is a set of...
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The Uniform Commercial Code (UCC) is a set of laws that governs commercial transactions in the United States: PurposeThe UCC was created to ensure that businesses can enter into contracts with confidence that the terms will be enforced the same way in every state. This uniformity allows businesses to grow and the economy to thrive. ScopeThe UCC governs most commercial transactions, including the sale of goods. It also applies to checks, leases, and cash transfers. How it worksThe UCC is a state
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