„Uniform Commercial Code“

What does Uniform Commercial Code stand for?

(USA) A law governing commercial transactions (sales of goods, commercial paper, bank deposits and collections, letter of credits, bulk transfers, warehouse receipts, bills of lading, investment securities, and secured transactions) adopted by all states in the US except Louisiana.

Source:

Mallor, J.P., Barnes, A.J., Bowers, T., & Langvardt, A.W. (2012). Business Law: The Ethical, Global, and E-Commerce Environment, 15th Edition. McGraw-Hill/Irwin.

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