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Is the ucc a federal statute?

Updated: 11/10/2022
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Likab

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11y ago

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No, the U.C.C. is not a federal statute, in fact, the federal government did not right it at all. The U.C.C. is kind of like a suggestion that scholars in the area of contract law have developed in order to promote uniformity amoungst the states. Contract law is a state issue. Each state that uses the U.C.C. must pass their own version of the code in order for it to become a state law. Many states do not even pass the U.C.C. verbatim as suggested.

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11y ago
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Q: Is the ucc a federal statute?
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