What is the purpose of the Uniform Commercial Code (UCC)?

Question

A. To protect the merchant who deals in goods
B. To protect parties from entering into unconscionable contracts
C. To protect the consumer
D. To standardize commercial law and facilitate commercial transactions

Answer 1

D. To standardize commercial law and facilitate commercial transactions

The primary purpose of the Uniform Commercial Code (UCC) is to provide a consistent and unified set of rules and regulations governing commercial transactions across different states in the United States. This standardization helps facilitate trade and commerce by reducing confusion and ensuring that all parties involved in commercial transactions have a clear understanding of their rights and obligations.