Statute
Uniform Commercial Code
278 published works
The CLS Blue Sky Blog
Rethinking Commercial Law’s Uncertain Boundaries
In a forthcoming article, I observe that commercial law has uncertain boundaries, challenging the traditional view that commercial law is a separate and distinct body of law. Various provisions of…
ContractsProf Blog
Electricity! Good? No Good?
When I first started teaching Sales, I used the Whaley/McJohn casebook, and I loved it. It has fun problems, and there are clear answers. Is electricity a good? You might…
Overheard on the Block(chain)
Proposed UCC Amendments to Article 12 Shed New Light on Transacting and Securing Interests in Digital Assets
By John B. Hutton III, Kevin Hoyos
A proposed new Article 12 of the UCC provides rules for transactions involving certain new types of digital assets, including cryptocurrency and non-fungible tokens. Under the proposed new Article 12,…
Global Supply Chain Law Blog
How A Michigan Case Could Upend Auto Part Contracts
By Sarah Rathke
This is a cross post from Law360. Please contact Sarah Rathke with any questions. In the US, the UCC Statute of Frauds’ (2-201) requirement that a contract must contain a written…
ContractsProf Blog
2022 Amendments to the UCC
The Uniform Law Commission (ULC) has unveiled its new amendments to the UCC on it website. I am happy to report that the revisions to Articles 1, 2, and 2A…
Gravel2Gavel
UCC Foreclosure Basics: Acquisition of Distressed Real Estate Mezzanine Debt
By Caroline A. Harcourt, Patrick E. Fitzmaurice
by Caroline A. Harcourt and Patrick E. Fitzmaurice We recently provided an outline of items to diligence when purchasing a mortgage loan in distress—and separately also discussed issues to diligence…
Crypto Digest
Digital Asset Collateral
By Scott Lessne
Secured lenders who include personal property assets as collateral in lending transaction structures have long relied upon the regularity and clarity of the Uniform Commercial Code (“UCC”) provisions which provide…
FinTalk
Digital Asset Collateral
By Scott Lessne
Secured lenders who include personal property assets as collateral in lending transaction structures have long relied upon the regularity and clarity of the Uniform Commercial Code (“UCC”) provisions which provide…
Global Fintech & Digital Assets Blog
The UCC Gets a Digital Asset Refresh
A new Article 12 and amendments to Article 9 regarding “controllable electronic records” would govern transactions and security interests in digital assets. By Lawrence Safran and Deric Behar On July…
The CLS Blue Sky Blog
Cleary Gottlieb Discusses Digital Asset Amendments to the UCC
By Sandra M. Rocks, Penelope L. Christophorou, Brandon Hammer, Alec Mitchell, Kathryn Witchger
This month, the sponsors of the Uniform Commercial Code (“UCC”) approved wide-ranging amendments to the UCC (the “2022 UCC Amendments”)[1] to provide workable rules for emerging technologies, such as distributed…