State Ucc Set Laws Uniform Commercial United Make

In the United States, each state has its own set of laws. Normally this "autonomy" (ability to make decisions for oneself) allows the "residents" (people who live somewhere) of each state to "shape" (form; influence) society to match their "values" (beliefs), but when dealing with "interstate" (between states, not within each state) "commerce" (buying and selling goods and services), the differences in state laws can be "problematic" (troublesome).

The "Uniform Commercial Code" (UCC) is a set or group of guidelines or rules that was first published in 1952 as a way of dealing with such problems. It tries to "harmonize" (help things work together in a better, smoother way with fewer problems) state laws "governing" (controlling) sales throughout the United States. The UCC "attempts" (tries) to "establish" (create) common or shared definitions of terms and simplify interstate commerce. It is organized into eleven "articles" (sections) covering sales, "leases" (rental agreements), "funds" (money) transfers, "letters of credit" (loans), "title documents" (documents that prove ownership of land or property), and more.

The UCC is not a "federal" (national) law. Rather, it is a set of rules that the National Conference of Commissioners on Uniform State Laws and the American Law Institute recommend to states. They ask states to "adopt" (accept) the UCC and make the UCC part of their state laws. All 50 U.S. states have done so, but some of them have "adapted" (made small changes) to UCC to better meet their needs - so it is still not an entirely "uniform" (the same everywhere) set of rules.

Comprehension Questions Correct Answers: 1 - b; 2 - c