What is the U.C.C.?
The U.C.C. stands for the Uniform Commercial Code. The laws concerning commercial and private transactions for the sale and leasing of goods developed out of the common law of both England and the United States. The majority of the law developed after the 1800`s. At the end of the nineteenth century, England codified the common law principles into the Sale of Goods Act. The United States codified the laws into the Uniform Sales Act. The volume of commercial and private sales dramatically increased during the twentieth century. As a result of the rapid growth, the Uniform Sales Act became outdated. In response, the Commissioners on Uniform State Laws created what is now known as Article 2 of the Uniform Commercial Code (U.C.C.). With the exception of Louisiana, Article 2 has been adopted by every State in the United States.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Uniform Commercial Code Articles
- What is Article 2 of the U.C.C.?
- Does Article 2 treat merchants the same as non-merchants?
- Are there fundamental principles that Article 2 always applies to?