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The UCC Uniform Code

139 Words1 Pages
In the states of our economy today, a need to regulate business transactions in a uniform way is necessary. UCC plays an important role to protect individuals and business. It was developed to address the increasingly complex legal and contractual requirements in today’s commercial dealings. The primary purpose of the UCC is to make business activities more predictable and efficient. The code is intended to simplify, clarify and modernize commercial law, to permit the continued expansion of commercial practice and to have a uniform law among various jurisdictions (What is the UCC, 2013). The UCC allows people to make contracts according to their needs. Its code creates uniformity and efficiency in transactions such as check processing, notes
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