Downtown Code: A History of the Uniform Commercial Code 1949-1954

Abstract

My article studies a critical era in the history of the Uniform Commercial Code: the era in which the proposed Code of 1949, a product of the academic drafters, entered into the political world and changed to meet political realities.' Marking the end of this era was the start of the New York State Law Revision Commission's (NYLRC) study of the U.C.C. in 1954. In these few years, the drafters of the U.C.C. made several fundamental decisions about its nature which today form the basis of the nation's and the world's commercial jurisprudence

Keywords: Contracts, Regulation of Contracts, Unconscionability, Warranties, Secured Transactions, Consumer Protection, Banking, UCCC and the NYLRC, Unifom Commercail Code

JEL Classification: B15, B25, D18, D63, G21, K12