UCC
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. The UCC is referred to as “ the backbone of American commerce .”
[Last reviewed in June of 2024 by the Wex Definitions Team ]
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