Uniform Commercial Code Posts
The Uniform Law Commission will present a free one-hour webinar, entitled 2022 UCC Amendments Part I: Digital Assets, on August 31, at 1:00 p.m. ET.
Following the approval of the 2022 joint American Law Institute and Uniform Law Commission project Amendments to the UCC, this article describes the effects of some of the amendments relating to electronic money on cryptocurrencies in general and Bitcoin in particular.
At its annual meeting, the Uniform Law Commission voted to approve 2022 joint ALI project Amendments to the UCC, recommending amendments or revisions to accommodate emerging technological developments.
How El Salvador Has Changed U.S. Law by a Bit: The Consequences for the UCC of Bitcoin Becoming Legal Tender
As the first country to adopt Bitcoin as legal tender, El Salvador made world history and sparked many debates and predictions about the effects its decision may have on the Central American nation and its economy. Beyond such consequences, El Salvador has, wittingly or unwittingly, changed the legal effects of various provisions in the Uniform Commercial Code. This Article explores some of the consequences wrought by El Salvador’s bold action
Learn more about the actions taken at this year’s ALI Annual Meeting, held last month, where the membership met to discuss and vote on twelve ALI project drafts.
Machines are making contracts—law is not ready. This paper describes why machine-made contracts do not fit easily into the common law of contracts or the Uniform Commercial Code for Sales.
At its meeting on January 20 and 21, 2022, the ALI Council reviewed and discussed Council Drafts of nine projects.
The scope of the mandatory choice-of-law rule set forth in UCC § 8-110(a)(1) is one of the important issues in the ongoing dispute between Venezuela’s state-owned oil company Petróleos de Venezuela, S.A. and holders of its now defaulted notes that were scheduled to come due in 2020.
This paper examines the UCC rules on point; deciding whether an issue that is in the ambit of a statute should be resolved by reference to the statute alone, or whether other sources of law should be applied.
This Article looks at Amazon’s liability as a “seller” of unmerchantable goods under Article 2 of the Uniform Commercial Code. Thus far, litigants and courts have almost exclusively focused on Amazon’s liability in tort. This piece, however, argues that there is a compelling argument that Amazon is liable for defective third party goods because it is a merchant seller under § 2-314 of the Uniform Commercial Code.