UCC is an acronym for the Uniform Commercial Code. The UCC is a uniformly adopted set of state laws that regulates all commercial transactions in the United States. The uniformity of the UCC is crucial for businesses transacting across state lines; therefore, enforcement of contracts will be the same regardless of the state.
UCC Financing Statement (usually called a UCC-1 Form) is a form that creditors file with states in which they have a security interest in a debtor’s personal property.
UCC-1 Form (commonly called a UCC financial statement) is a form that creditors should file with states in which they have a security interest in personal property.
See: Uniform Child Custody Jurisdiction and Enforcement Act (UCCJEA).
[Last reviewed in July of 2024 by the Wex Definitions Team]
UCMJ is an acronym for the Uniform Code of Military Justice. The UCMJ is a collection of substantive and procedural laws enacted by Congress that regulate the conduct and legal procedures for U.S.
An ultimate fact is a logical conclusion derived from evidence presented during trial and is required for a claim or defense to be successful. An ultimate fact is usually inferred from a number of supporting evidentiary facts and is crucial to the outcome of the case.
Ultrahazardous activity (also known as abnormally dangerous or extrahazardous activity) refers to actions of individuals and entities that involve a high level of danger which typically carries strict liability.
Unascertainable cause is when there are multiple potential actions that result in an injury, but it is unclear which act actually caused the injury.
