Uniform Commercial Law
/ˈjunɪfɔrm kəˈmɜːrʃəl lɔː/
Definitions
- (n.) A set of standardized statutes designed to harmonize and simplify commercial transaction laws across U.S. states.
The Uniform Commercial Law facilitates interstate business by providing consistent rules for sales and negotiable instruments.
Forms
- uniform commercial law
Related terms
See also
Commentary
Often referenced as the Uniform Commercial Code (UCC), this term represents a model statute intended for adoption by states, emphasizing uniformity in commercial law to reduce complexity in cross-state commerce.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.