Uniform commercial code (ucc) laws are established to regulate sales of personal property and other business transactions for example, transactions such as borrowing money, leasing equipment or vehicles, setting up contracts, and selling goods are all covered by the uniform commercial code the sale of services and the purchase of real estate. An analysis of bank defenses to check forgery and alteration claims under uniform commercial code articles 3 and 4: claimants' negligence and failure to give notice.
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Uniform commercial code (ucc) laws are established to regulate sales of personal property and other business transactions for example, transactions such as borrowing money, leasing equipment or vehicles, setting up contracts, and selling goods are all covered by the uniform commercial code. The ucc therefore achieved the goal of substantial uniformity in commercial laws and, at the same time, allowed the states the flexibility to meet local circumstances by modifying the ucc’s text as enacted in each state.
The uniform commercial code (ucc), first published in 1952, is one of a number of uniform acts that have been put into law with the goal of harmonizing the law of sales and other commercial transactions across the united states of america (us) through ucc adoption by all 50 states, the district of columbia, and the us territories.
Copyright 1978, 1987, 1988, 1990, 1991, 1992, 1994, 1995, 1998, 2001, 2004, 2010, 2011, 2012 by the american law institute and the national conference of commissioners on uniform state laws reproduced, published and distributed with the permission of the permanent editorial board for the uniform commercial code for the limited purposes of study, teaching, and academic research.