Which of the following is NOT regulated by the UCC?

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, primarily focusing on areas related to personal property, sales, and secured transactions. The UCC addresses four main categories: the sale of goods, secured transactions, negotiable instruments, and letters of credit, among other topics.

Corporate mergers, on the other hand, do not fall under the purview of the UCC. Instead, these are governed by state corporate laws and regulations, which outline the processes and requirements for mergers and acquisitions, as well as the rights and responsibilities of the parties involved. This distinction illustrates that while the UCC is designed to facilitate and standardize transactions in goods and commercial paper, it does not encompass corporate structure or governance matters.

Recognizing the pillars of the UCC helps to clarify why corporate mergers are separate and regulated by different legal frameworks. This foundational understanding is crucial for anyone studying business law or involved in commercial practices.