This act aims to update and make more accessible certain laws about different areas of business and commerce.

You’ll find information about contracts, which are agreements between people or businesses. It also covers how goods are sold and bought.

The act includes rules about electronic transactions, which are business deals done using computers or the internet. It also talks about how goods are transported from one place to another.

Lastly, the act covers other business matters. This includes rules about mercantile agents (people who buy or sell things for others) and bills of lading (documents that list goods being shipped).