Which of the following statements is true about the Uniform Commercial Code (UCC)?
A) The main purpose of the UCC was to enable private parties to enter into commercial transactions regulated by tariffs and government restrictions.
B) The most obvious purpose of the UCC was to establish a uniform law to govern commercial transactions that often take place within the state.
C) The drafters were successful in achieving complete uniformity.
D) The UCC is adopted by all states except Louisiana, which has adopted only part of the code.

Question

Quizplus · Accepted Answer

The biggest reform of contract law has resulted from the adoption of the Uniform Commercial Code (UCC) by all the states (except Louisiana, which has adopted only part of the Code). The drafters of the Uniform Commercial Code (UCC) had several purposes in mind, including promoting fair dealing and higher standards of behavior in the marketplace. The most obvious purpose was to establish a uniform law to govern commercial transactions that often take place across state lines. Despite the intentions of the drafters, complete uniformity has not been achieved.

Which of the Following Statements Is True About the Uniform