Uniform Commercial Code (“UCC”)
Before you enter into transactions involving the sale of goods, make sure you know the basics about the Uniform Commercial Code (the “UCC”). The UCC is a comprehensive set of rules governing the sale of goods and other commercial transactions. It has been adopted in some form in every state. You’ll want to be familiar with the general rules covered by the UCC so that you can avoid making common business transaction mistakes.
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Here's some background on this very large collection of legal rules governing many important business and commercial activities.
There are many business-related contracts that the UCC does not cover, including real estate contracts, service contracts, and employment contracts.
Find out what the UCC standards are regarding contracts for the sale of goods.
The buying and selling of goods generally involves a variety of express and implied warranties. Find out more about warranty rules under the UCC.
Written agreements are only required in certain transactions under the UCC. Learn the rules for written contracts and the statute of frauds for sales contracts, leases, and security interests in commercial transactions.
When it comes to contracts related to the buying and selling of goods, the UCC contains various rules regarding the seller’s performance.
The UCC contains various rules regarding buyer’s performance. Key among these are rules regarding payment, inspection, rejection, and revocation.
Leases versus secured transactions: learn the difference.
Learn the rules about how to attach and perfect a security interest under the UCC.
An overview of a few of the most basic UCC rules for how checks, promissory notes, and other negotiable instruments work.
When a buyer and seller's order forms are different, how do you sort out contract terms in a dispute?
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