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UCC stands for the Uniform Commercial Code. Some examples of commercial transactions covered under the UCC that deal with financial and sales transactions include:

The UCC was created to address two main growing problems in American commercial businesses:

Business owners and legislators realized that they needed to have assistance to facilitate easier interstate commerce transactions and curtail the trend of extremely detailed contracts. Business owners also voiced support for one set of standardized laws that would apply across the board and cover all goods and services exchanges. These laws could cover any discrepancies in state laws and eliminated the need for business owners adding every detail imaginable to their contracts.

In 1890, the American Bar Association suggested that states create a list of different areas of law that could be more unified between the states. In addition, they requested the states introduce different legislative changes to make them work. In 1892, the NCCUSL, or the National Conference of Commissioners on Uniform State Laws, held their initial meeting in New York. However, there were only seven states represented.

By the 1930s, the commerce governing acts were becoming fragmented, so the UCCUSL proposed a revision of the uniform codes to combine them into one set of model laws. In 1941, the ALI, or American Law Institute, was on board with the discussions, and, over the course of the next few years, they drafted a number of versions of the UCC.

The final draft was completed in 1951, and it was approved by the NCCUSL and ALI, who then got approval from the American Bar Association's House of Delegates. There were some additional changes and a few amendments, but the official version was published in 1952.

The Uniform Commercial Code is only a recommendation or model for what a state's commercial code might look like. On its own, the UCC has no legal force. Today, every state has adopted some variation of the UCC, and those are enforceable laws.

Pennsylvania and Massachusetts were the first two states to adopt the Uniform Commercial Code. By 1967, all the states, minus Louisiana and the District of Columbia, adopted the UCC. Some states adopted the whole UCC while others adopted portions. Eventually, Louisiana adopted a majority of it as well.

The UCC has 10 articles:

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