Uniform Commercial Code

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

A basic set of commercial terms which apply under US Law to commercial contracts — unless you agree that they shouldn’t. They tend to imply basic standards of fairness and reasonableness. One reason why US broker-dealers tend not to have terms of business — they’re set out in the UCC so you don’t need them. Also the historical, but as it turns out bogus, reason U.S. Attorneys like to SHOUT IN CAPITALS SO MUCH.

See also

• Implied terms
• Commercially reasonable manner
• Conspicuous
• Whether writing in CAPS LOCK is all it cracks up to be.