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.
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There are many business-related contracts that the UCC does not cover, including real estate contracts, service contracts, and employment contracts.
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Contract Rules for the Sale of Goods
Find out what the UCC standards are regarding contracts for the sale of goods.
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The UCC and Sales Contract Warranties
The buying and selling of goods generally involves a variety of express and implied warranties. Find out more about warranty rules under the UCC.
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When Is a Written Contract Required 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.
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Seller's Performance Under the UCC
When it comes to contracts related to the buying and selling of goods, the UCC contains various rules regarding the seller’s performance.
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Buyer's Performance Under the UCC
The UCC contains various rules regarding buyer’s performance. Key among these are rules regarding payment, inspection, rejection, and revocation.
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The UCC and Commercial Lease Contracts
Leases versus secured transactions: learn the difference.
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How to Attach and Perfect Your Security Interest in Collateral
In case of competing interests in the same secured collateral, make sure you know how to perfect your claim and have legal priority to the collateral.
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How to Attach and Perfect a Security Interest Under the UCC
Learn the rules about how to attach and perfect a security interest under the UCC.
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Priority of Creditors in Secured Transactions
Here is an overview of the Uniform Commercial Code’s extremely complicated rules for creditors and secured transactions.
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The UCC and Negotiable Instruments - Part 1 of 2
An overview of a few of the most basic UCC rules for how checks, promissory notes, and other negotiable instruments work.
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Mitigation of Damages in Sale of Goods Contracts
Find out what duty you have to minimize losses when the other party breaches a contract.
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Battle of the Forms Under the UCC
When a buyer and seller's order forms are different, how do you sort out contract terms in a dispute?
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