Two primary sources of law govern contracts; the common law and the Uniform Commercial Code. The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States.
Two primary sources of law govern contracts; the common law and the Uniform Commercial Code. The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States.
Considering that approximately 1.6 million nonprofits are registered in the US, and that the nonprofits contribute more than one trillion dollars to the US economy, besides independent auditing, the importance of agencies known as watchdogs is also emerging.