Simple English definitions for legal terms
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Term: UCC
Definition: The UCC stands for the Uniform Commercial Code. It is a set of laws that governs commercial transactions, such as buying and selling goods and services. These laws help to ensure that transactions are fair and consistent across different states in the United States. Think of it like a rulebook for businesses to follow when they are making deals with each other.
UCC
The Uniform Commercial Code (UCC) is a set of laws that governs commercial transactions in the United States. It provides a standardized set of rules for buying and selling goods and services, as well as for financing these transactions.
These examples illustrate how the UCC provides a framework for businesses to conduct transactions in a consistent and predictable manner. By following the rules set forth in the UCC, businesses can reduce the risk of disputes and ensure that their transactions are legally enforceable.