LibGuides: Business Law: Uniform Commercial Code

The Uniform Commercial Code (UCC)

Your word may be your bond, but under the UCC, your bond might also need a signature.

The Uniform Commercial Code (UCC) is a model code intended to standardize and facilitate commerce. A version has been adopted in all 50 states, with some variations. Its articles cover areas such as sales, leases, negotiable instruments, funds transfers, letters of credit, documents of title, investment securities, and secured transactions.

Article 2, which governs sales of goods, contains a Statute of Frauds that requires that contracts for the sale of goods priced at $500 or more be in writing, reasonably identify the subject matter, show that a contract exists, state the essential terms, and be signed by the party to be charged.

Uniform Law Commission's Page on the UCC
The Uniform Law Commission (ULC, also known as the National Conference of Commissioners on Uniform State Laws), was established in 1892. It's purpose is to provides states with non-partisan legislation that brings clarity and stability to critical areas of state statutory law.
In this page, the site provide an overview of the UCC and include updates and discussion of emerging issues.
The Uniform Commercial Code
The code itself can be found on the Cornell Legal Information Institute page.

Uniform Commercial Code in a Nutshell by Bradford Stone; Kristen Adams
Call Number: KF889.3 .S68 2023

This product provides a concise yet comprehensive introduction to the Uniform Commercial Code for students and practitioners alike. It covers each major topic of the Code, including the process of selling, payment, negotiation, shipping, storage, financing sales, and leasing of goods. It also includes new UCC Article 12, which provides legal rules governing the transfer of property rights in certain digital assets known as "controllable electronic records." In addition, the text makes it possible for readers to see how the various articles of the Code may interact in a single transaction. Wherever practicable, the actual language of the Code and its comments has been used. The comprehensive outline, references to relevant authority, and intuitive system of cross-referencing all contribute to its ease of use. This ninth edition contains the 2022 Amendments, which included new Article 12, extensive updates to Article 9, and more modest updates to Articles 1, 2, 2A, 3, 4, 4A, 5, 7, and 8.