Uniform Commercial Code

(On the other hand, the Uniform Commercial Code, which has been adopted everywhere in the United States, provides that a firm offer made by a merchant is irrevocable even though the other party has given no consideration.) The common law is not entirely insensitive to the offeree’s predicament. The rule…

In the United States, the Uniform Commercial Code has replaced earlier uniform statutes such as the Sales Act and the Negotiable Instruments Law; by 1990 it had been adopted by every state. Internationally, the decade of the 1960s saw significant progress toward uniform regulation of the law of sales. The…

…United States it was the Uniform Commercial Code (UCC) that expanded, standardized, and stabilized sales law. (The Uniform Sales Act of 1906 was the precursor to Article 2 of the UCC, although not as widely adopted.) The official text of the UCC was published in 1952, included both express and…