A merchant is an individual or business engaged in the purchase and sale of goods for the purpose of earning a profit. Under the Uniform Commercial Code (UCC), the term can also apply to various parties beyond traditional retail.
The Uniform Commercial Code (UCC) is a collection of standardized laws designed to regulate commercial transactions across the United States. It aims to harmonize and streamline business laws to create consistency and facilitate easier trade and commerce between states.
A comprehensive set of laws governing various commercial transactions, including the sale of goods, banking transactions, secured transactions in personal property, and other matters. The UCC is designed to bring uniformity to the laws governing these areas across the states.
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States. It is designed to provide consistency and predictability in the regulation of business activities across all states.
