Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Uniform Commercial Code (UCC) (U.S. Law)”

  • Uniform Commercial Code (UCC) (U.S. Law)

    First published in 1952, it was formulated by the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute. It covers a wide range of commercial activities. The UCC does NOT apply to the purchase of services and is not applicable to federal government contracting. The UCC determines rights and obligations on the basis of fairness and reasonableness in the light of accepted business practice. The UCC has been adopted by all of the States. 2003 marked the conclusion of a fifteen-year-long process of re-writing the UCC. In that period, every article was either completely revised or substantially amended. The most important part of the UCC for the public purchasing officials is Article 2, entitled “Sale of Goods.” Absent a specific state or federal statute or administrative regulation, Article 2 will govern the public purchasing official’s contract for the sale of goods.

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