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What Is the Uniform Commercial Code? - Definition & Example

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The Uniform Commercial Code applies to _____.

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1. The Uniform Commercial Code seeks to do which of the following?

2. Some business areas covered by the Uniform Commercial Code include _____.

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About This Quiz & Worksheet

This quiz/worksheet combo will help test your understanding of the Uniform Commercial Code. You'll be tested on areas that include the applicability of the UCC, structure of the UCC, and examples of how the UCC is utilized.

Quiz & Worksheet Goals

These assessments will test you on the following aspects of the Uniform Commercial Code:

  • The purpose of the UCC
  • Applicability of the laws
  • Structure of this guideline
  • Examples of the UCC in action

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Interpreting information - verify that you can read information regarding the UCC and interpret it correctly
  • Information recall - access the knowledge you've gained regarding UCC financial statements
  • Knowledge application - use your knowledge to answer questions about the Uniform Commercial Code's applicability

Additional Learning

To learn more about the laws in the UCC, review the accompanying lesson on What Is the Uniform Commercial Code? - Definition & Example. This lesson covers the following objectives:

  • Defines the UCC
  • Outlines when the UCC is applicable
  • Explains the structure of the UCC
  • Tells how the UCC applies in a property mortgage transaction
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