Uptown Act: A History of the Uniform Commercial Code: 1940-49
75 Pages Posted: 28 May 2016
Date Written: May 26, 1998
By looking at the record somewhat differently, the story changes from a long drafting process conducted by two remote, august, and expert institutions into one characterized by a collision between the two cultures of Uptown and Downtown. It is an epic in which a radical professor-a fan of folk music, a poet, a supporter of the New Deal, a devotee of anthropologists and Veblen and Commons, the radical institutional economists, a despiser of pallid intellectuals who instead preferred "action-direction thinking," and a decorated veteran of the German Army of World War I who was about to divorce his second wife and marry one of his former students - sought to realize his radical, reformist programs for sales law.
Keywords: Uniform Commercial Code, trade noms, standardized contract, reform of contracts, unconscionabilty, commercail paper, secured transactions
JEL Classification: B15, B25, D11, D18, D63, E11, K12, Z1
Suggested Citation: Suggested Citation