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Ucc Update: Revised Articles 3 And 4, Michael D. Sabbath
Ucc Update: Revised Articles 3 And 4, Michael D. Sabbath
Mercer Law Review
The National Conference of Commissioners on Uniform State Laws and the American Law Institute, cosponsors of the Uniform Commercial Code ("UCC"), have approved comprehensive changes to Articles 3 and 4. The Revised Articles were initially presented to the various states for approval in early 1991. As of September 1996, forty-four jurisdictions have adopted the Revised Articles, most with few, if any, variations to the official text.'Revised Articles 3 and 4 became law in Georgia effective July 1, 1996.
Few debate that Prior Articles 3 and 4, which were drafted more than forty years ago, were in need of revision. Article …
Commercial Law, Robert A. Weber Jr.
Commercial Law, Robert A. Weber Jr.
Mercer Law Review
Commercial law is "the whole body of substantive jurisprudence ... applicable to the rights, intercourse, and relations of persons engaged in commerce, trade, or mercantile pursuits." Of course, an article on commercial law that used this statement to define its coverage would be completely unsuitable for a survey. The Author instead relied on Georgia's Commercial Code to determine the body of law to review in this Article and, accordingly, structured it in a similar fashion.
This Article covers case law and statutory amendments from June 1, 1994, through May 31, 1996. The review of Article 9 caselaw includes decisions by …