A set of laws that provide legal rules and regulations governing commercial or business dealings and transactions. The UCC regulates the transfer or sale of personal property. The UCC does not address transactions or financing of real property. Theoretically, the UCC standardizes business laws in these fields in the United States and seeks uniformity amongst the states. Since merchants almost always engage in interstate business, this is a vital benefit for them.
a) Uniform Commercial Code (UCC)
b) Sherman Antitrust Act
c) Clayton Antitrust Act
d) Federal Trade Commission Act