To provide "flexible, effective, and efficient realization procedures," the default provisions of Article 9 of the Uniform Commercial Code (U.C.C. or Code) are designed to do just that.
What is meant by uniform commercial code?
- All business activities in the US are governed by the Uniform Commercial Code (UCC), a comprehensive body of law. Every state has accepted it; it is not a federal statute. Law uniformity is necessary for interstate business operations.
- The Uniform Commercial Code (UCC), a comprehensive body of rules governing uniformity and moral commercial conduct, has been recognized by the vast majority of states. There are rights and remedies provided for both the buyer and the seller.
- All 50 states and the District of Columbia have at least partially implemented the UCC. However, each jurisdiction is entitled to modify and organize the UCC as they see fit (Louisiana has never ratified Article 2).
To learn more about the uniform commercial code, refer to:
brainly.com/question/15980446
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