Asked by Mashudu Trinity on Jun 25, 2024
Verified
The UCC promotes commerce by simplifying and streamlining commercial transactions.
Promotes Commerce
Enhances or encourages the exchange of goods and services among parties, often leading to economic growth.
Streamlining Transactions
The process of simplifying financial transactions to make them more efficient and less time-consuming.
- Identify how the UCC facilitates commercial transactions and promotes commerce.
Verified Answer
BE
Brittany E HawkinsJun 28, 2024
Final Answer :
True
Explanation :
The Uniform Commercial Code (UCC) is designed to harmonize the law of sales and other commercial transactions across the United States, thereby facilitating an easier and more predictable legal environment for businesses to conduct transactions.
Learning Objectives
- Identify how the UCC facilitates commercial transactions and promotes commerce.