Article 2 and 3 of the Uniform Commercial Code codifies commercial law and business practices between merchants pertaining to the sale and lease of goods. In many commercial transactions, the UCC fills in the gaps and provides controlling contract terms that business owners may have failed to address. Parties have the option to opt out of the UCC and to create their own terms, but if they do not, the UCC rules will apply.
UCC sale of goods rules may apply to transactions involving virtually any product or good, including:
- Motor vehicles and their parts;
- Building supplies;
- Business equipment;
- Heavy machinery;
- Tools and safety equipment;
- Consumer products;
- Clothing, apparel and accessories;
- Computers and electronic devices;
- Children’s toys; and
- Home appliances.
Although the UCC attempts to take a practical approach to commercial transactions, it can leave some issues open to interpretation. Language like “industry standards” or “reasonable” can be interpreted in various ways, and it is important to have an attorney who can protect your interests in these matters. The UCC can work in your favor, but you need to make sure your interests are properly represented and your rights are protected. That is our goal at Edelboim Lieberman Revah Oshinsky PLLC.