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Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across states.
Interstate
Refers to activities, agreements, or commerce that occur or are conducted between two or more states.
Express Contract
A contract where the terms of the agreement are explicitly stated in words, whether oral or written.
Implied in Fact Contract
An agreement formed by actions and conduct of the parties involved, rather than written or spoken words.
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