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Summary. The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States. It is not a federal law, but a uniformly adopted state law.

Generally, the UCC applies to sales of goods that involve a merchant. The following examples illustrate when the UCC applies to a contract for the sale of goods....When Does the UCC Apply? SituationDoes the UCC apply?A fruit store buys apples from an apple dealer.YesJesse buys a radio from an electronics store.Yes3 more rows

(a) A party that with explicit reservation of rights performs, promises performance, or assents to performance in a manner demanded or offered by the other party does not thereby prejudice the rights reserved. Such words as “without prejudice,” “under protest,” or the like are sufficient.

Generally, the UCC applies to sales of goods that involve a merchant. The following examples illustrate when the UCC applies to a contract for the sale of goods....When Does the UCC Apply? SituationDoes the UCC apply?A fruit store buys apples from an apple dealer.YesJesse buys a radio from an electronics store.Yes3 more rows

The UCC regulates the transfer or sale of personal property. The UCC does not address transactions or financing of real property. Theoretically, the UCC standardizes business laws in these fields in the United States and seeks uniformity amongst the states.

First published in 1952, the Uniform Commercial Code (UCC) is a collection of provisions that govern commercial transactions in the United States. The code itself is not law, but rather a compilation of suggested best practices that the individual states can interpret, adapt and enact into law in their jurisdiction.

Goods include all items that can be both identifiable and moveable at the time of the sale. Article 2 does not cover transactions involving service contracts. In addition, the sale of real estate is not covered by Article 2, but rather by Article 9 of the Uniform Commercial Code.

Created by the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute (ALI), the primary purpose of the UCC is to make business activities consistent and therefore efficient, across all U.S. states.