Uniform Commercial Code (5th Edition)

Author: (USA) Stone
Publisher:
Publish Date: 2004-01-01
Features: The Uniform Commercial Code (UCC) is one of the most notable achievements in the history of American legal evolution. The content of the UCC is based on different stages of commercial transactions. The Code is divided into 11 articles, presented in the form of general provisions and specific sections, summarizing and systematizing practical commercial rules and customs. It covers legal aspects such as sales of goods contracts, consumer leases, financial leases, commercial paper law, bank deposit instruments, fund transfers, letters of credit, warehouse receipts, bills of lading, investment securities, and guarantees. Structurally, the UCC consists of two parts: the legal provisions and official interpretations appended to the provisions. The latter aims to explain the background and principles of the provisions, which are equally important as the provisions themselves. This book focuses on the UCC, emphasizing the introduction of its main contents, including Article II on Sales of Goods, Article III on Negotiable Instruments, Article VII on Warehouse Receipts and Certificates of Deposit, Article IX on Secured Transactions, and Article V on Letters of Credit. For each section, the author explains the content based on the corresponding provisions. For the convenience of readers, the book also includes an index of over 100 provisions of the UCC.
Author Bio: Bradford Stone: Professor at the University of Michigan Law School, Editor-in-Chief of West's Legal Forms, and a researcher and teacher of commercial law. He co-authored "Uniform Commercial Code in Practice."