UCC Revision Process: Legislation You Should See in the Making, The

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Authors

Culhane, Marianne B.

Issue Date

1993

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Journal Article

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FIRST PARAGRAPH(S)|If you like laws and sausage, you should never watch either one being made. The Uniform Commercial Code ("UCC") is premised on the idea that commercial transactions and general prosperity are fostered by simplicity, uniformity, and certainty in applicable law. Transaction costs are minimized if parties in different states can rely on a known body of uniform law when contracting. Settlement of disputes is eased if the likely outcome of litigation is reasonably predictable and uniform among available forums.| Although the UCC has achieved wide acceptance and considerable uniformity, it is getting old. Much of it was drafted soon after World War II, and revision is necessary...

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26 Creighton L. Rev. 29 (1992-1993)

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Creighton University School of Law

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