About This Book
Delaware Code Title 6 — Commerce and Trade — is the foundational body of state law governing business transactions, commercial contracts, and consumer protection. It encompasses both Delaware's Uniform Commercial Code (UCC) and specific statutes addressing business entities, such as LLCs and partnerships, as well as fair trade practices.
Title 6 is divided into two primary areas:
Subtitle I: Uniform Commercial Code (UCC)
This subtitle establishes standardized commercial rules applicable across all U.S. states to facilitate smooth interstate business. It covers:
- Sales and Leases: Rules governing commercial contracts, warranties, and the buying or leasing of goods.
- Negotiable Instruments: Regulations applicable to checks, promissory notes, and funds transfers.
- Secured Transactions: Laws governing the use of personal property as collateral for loans.
Subtitle II: Other Laws Relating to Commerce and Trade
This subtitle contains Delaware's specific regulations for business entities and consumer protection. It is a major draw for corporate law, governing how businesses operate while shielding consumers from fraud. Key chapters include:
- Business Entity Acts: Legal frameworks for Delaware Limited Liability Companies, partnerships, and statutory trusts.
- Consumer Protection: Rules prohibiting consumer fraud, deceptive trade practices, pyramid schemes, and telemarketing fraud.
- Contracts and Interest: Laws addressing the legal rate of interest and contractual choice-of-law provisions.
- Trade Secrets and Antitrust: Statutes designed to promote free enterprise, ensure fair competition, and protect intellectual property.
Practice Tests Using This Book
This book is required or recommended for 2 licensing exams. Our practice tests include questions based on this material.