What does the Maryland Uniform Commercial Code (UCC) regulate?

The Maryland Uniform Commercial Code (UCC) is designed to standardize and regulate various aspects of commercial transactions. This includes secured transactions, which are agreements where personal property is used as collateral for securing a loan; the sale of goods, covering transactions involving the exchange of goods between buyers and sellers; and negotiable instruments, which are written orders or promises to pay a specified amount of money. The UCC simplifies and streamlines commercial interactions, providing legal certainty and consistency across jurisdictions, which is vital for businesses engaging in transactions involving goods and services. This comprehensive regulation significantly impacts how commercial entities operate and ensures a uniform approach to business law across the state of Maryland.

The other options address topics that fall outside the scope of the UCC. For instance, personal injury claims pertain to tort law, environmental regulations involve legal issues connected to environmental protection and property development, and title insurance policies are related to protecting real estate ownership rights, none of which is governed by the UCC.