Which law establishes basic rules governing the sale of goods?

The Uniform Commercial Code (UCC) serves as the foundational legal framework that governs commercial transactions in the United States, particularly focusing on the sale of goods. It was created to provide consistency and clarity across different jurisdictions, simplifying the way businesses conduct transactions and resolve disputes.

The UCC outlines essential guidelines regarding the sale of goods, including definitions, rights and duties of buyers and sellers, warranties, and remedies for breach of contract. Its comprehensive approach helps ensure predictability in commercial transactions, benefiting both parties involved.

Other choices, while related to business and contracts, do not specifically target the regulation of the sale of goods in the same structured way as the UCC. For example, the Contracts Act generally deals with the principles and enforceability of contracts overall, rather than specifically focusing on sales of goods. Similarly, the Sales and Use Tax Code pertains to taxation issues rather than the rules governing sale transactions, and the Commercial Transactions Law can refer to a broader spectrum of business dealings that may not specifically address the sale of goods.