Document Type
Article
Publication Date
2003
Status
Accepted
Abstract
Article 2 of the Uniform Commercial Code governs contracts for the sale of goods. This article seeks to show that, however urgent the need to modernize Article 2 was in 1990, this need ironically has waned with the passage of time. Article 2 requires less change now than it did a decade ago to meet the requirements of modern commerce. The article supports this claim by looking at three very significant developments that have occurred since 1990: the growth of electronic commerce, the decision not to address software licenses in article 2, and the accumulation of a decade of precedents addressing uncertain issues.
GW Paper Series
GWU Legal Studies Research Paper No. 377; GWU Law School Public Law Research Paper No. 377
SSRN Link
http://ssrn.com/abstract=1030631
Recommended Citation
Gregory E. Maggs, The Waning Importance of Revisions to U.C.C. Article 2, 78 Notre Dame L. Rev. 595 (2003).