Which of the following is true of the Uniform Commercial Code (UCC)?
A)The UCC is an ordinance, but not a statute.
B)Portions of the UCC adopted by states cannot be modified by those states.
C)The UCC has not been enacted in all fifty states.
D)Individual states may make changes to the portions of the UCC that they have adopted.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States. It is not a federal law but a uniformly adopted state law. States can adopt the UCC in whole or in part and may also modify or adapt the UCC as they see fit when enacting it into their own state law. This flexibility allows states to make adjustments to the UCC to better suit their individual needs and circumstances.

Which of the Following Is True of the Uniform Commercial