Which of the following is true of the Uniform Commercial Code (UCC)?
A) The UCC has never been amended since it was first drafted.
B) The UCC is not considered as law, but rather as a guide to lawyers and judges.
C) The provisions of the UCC normally take precedence over the common law of contracts.
D) The UCC has been adopted in its entirety by all states.

Question

Quizplus · Accepted Answer

The UCC is a set of model laws that govern commercial transactions, and its provisions typically take precedence over the common law of contracts. However, the UCC has been adopted in varying degrees by each state, so not all states have adopted it in its entirety. Additionally, the UCC has been amended several times since it was first drafted in the 1950s.

Which of the Following Is True of the Uniform Commercial