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The official 2007 edition of the UCC. The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States.
This term is used particularly to judge the validity of certain transactions. It is used in several different sections of the Uniform Commercial Code of the United States. Section 1-201 of the Uniform Commercial Code defines a "Buyer in the ordinary course of business" by a four-part test: a person that buys goods in good faith,
The following table identifies which articles in the UCC each U.S. jurisdiction has currently adopted. However, it does not make any distinctions for the various official revisions to the UCC, the selection of official alternative language offered in the UCC, or unofficial changes made to the UCC by some jurisdictions.
Uniform Child Custody Jurisdiction and Enforcement Act: 1997 Uniform Collateral Consequences of Conviction Act: 2009 Uniform Commercial Code: 2001 Uniform Common Interest Ownership Act: 1982, 1994 Uniform Common Trust Fund Act: 1938, 1952 Uniform Comparative Fault Act: 1977, 1979 Uniform Computer Information Transactions Act: 1999; withdrawn 2002
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
UCC-1 financing statement; Uniform Commercial Code adoption This page was last edited on 30 August 2018, at 14:19 (UTC). Text is available under the Creative Commons ...
Uniform Commercial Code, a 1952 uniform act to harmonize state contract law for the sale of goods in the respective states of the United States; Uniform Construction Code, a set of laws regulating construction in the United States; the Union Customs Code of the European Union Customs Union, gradually implemented from 1 May 2016
The Uniform Commercial Code ("UCC") dispenses with the mirror image rule in § 2-207. [3] UCC § 2-207(1) provides that a "definite and seasonable expression of acceptance...operates as" an acceptance, even though it varies the terms of the original offer. Such an expression is typically interpreted as an acceptance when it purports to accept ...