UCC- Established to Provide Consistency to State Commercial Laws

Q.  Which one of the following is a set of statutes enacted to provide consistency among the States' commercial laws?
- Published on 20 Jul 15

a. AIRSCS
b. ARC
c. NSC
d. UCC

ANSWER: UCC
 
Uniform Commercial Code (UCC) includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading.

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