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- W64496763 abstract "On July 1 of this year, the Uniform Commercial Code will have been in effect in Pennsylvania for 20 years. In the intervening two decades, the Code has become the principal law governing commercial transactions in all but one of the states in the United States and in the District of Columbia and the Virgin Islands. The annual surveys published in this issue and in the April issues of the last ten volumes of The Business Lawyer reveal no fundamental or serious defects or difficulties in applying the Code to the great volume and variety of commercial transactions that animate our economy. The survey articles have not played down the divergent interpretations of the Code by the courts. However, their dominant motif has been the generally hospitable and consistent reception accorded the Code by the courts. Judicial deference to the goal of uniformity has not been accompanied by a corresponding exercise of restraint on the part of state legislatures. As the Permanent Editorial Board for the Uniform Commercial Code acknowledged in 1966,1 the number of non-uniform non-official amendments of Article 9 was a principal factor leading ultimately to the approval in 1971 of a package of amendments of Article 9 and related sections of the Code. In 1951, the year of the promulgation of the original Uniform Commercial Code, the first symposium devoted to the Code noted that the draftsmen were preparing the proposed legislation for adoption by Congress as well as by" @default.
- W64496763 created "2016-06-24" @default.
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- W64496763 date "2016-01-01" @default.
- W64496763 modified "2023-09-23" @default.
- W64496763 title "Federalism and the Uniform Commercial Code" @default.
- W64496763 hasPublicationYear "2016" @default.
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