TeachMeFinance.com - explain Uniform Commercial Code
Uniform Commercial Code -- a set of business-related laws dealing with the sale of goods, their transportation and delivery, financing, storage, payments, and various other commercial transactions. These model laws have been adopted, with minor modifications, by most states to provide some consistency among states' commercial laws. They were drafted by the National Conference of Commissioners on Uniform State Laws.
Uniform Commercial Code -- (USA) A law governing commercial transactions (sales of goods, commercial paper, bank deposits and collections, letter of credits, bulk transfers, warehouse receipts, bills of lading, investment securities, and secured transactions) adopted by all states in the US except Louisiana.
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