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The ICC has developed and moulded the UCP by regular revisions, the current version being the UCP 600. The result is the most successful international attempt at unifying rules ever, as the UCP has substantially universal effect. The latest revision was approved by the Banking Commission of the ICC at its meeting in Paris on 25 October 2006.
The following table identifies which articles in the UCC each U.S. jurisdiction has currently adopted. However, it does not make any distinctions for the various official revisions to the UCC, the selection of official alternative language offered in the UCC, or unofficial changes made to the UCC by some jurisdictions.
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
The official 2007 edition of the UCC. The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States.
UCC Insurance generally insures the attachment, perfection and priority of security interests in personal property. UCC Insurance is utilized for transactions described in Article 9, "Secured Transactions", of the Uniform Commercial Code,"UCC". All of the larger land-title insurance companies now offer various versions of UCC insurance.
[4] This UCC section recognizes that the "parties themselves know best what they have meant by their words of agreement and their action under that agreement is the best indication of what that meaning was." [5] It is well established that a written contract may be modified by the parties' post-agreement "course of performance." [6]
While the UCC § 2-601 codifies the perfect tender rule, it also expressly limits it by "referring to § 2-612, which pertains to installment contracts, and § 2-718 and 2-719, which allow contractual limitations on remedies." [5] Other UCC provisions also restrict the perfect tender concept. [5]
UCC GAA, a football and hurling club associated with University College Cork, Ireland Union Carbide Corporation , a chemical and polymer company, responsible for the Bhopal disaster in 1984 UCC Ueshima Coffee Co. , a Japanese coffee and beverage manufacturing company