Rules of Contract Law - Charles L. Knapp ^ Nathan M. Crystal - 1993 - Paperback - Little, Brown And Company

Rules of Contract Law

Selections from the Uniform Commercial Code, the Convention on Contracts for the International Sale of Goods, and the Restatement (Second) of Contracts
with Material on Contract Drafting and Sample Examination Questions and Answers

As the United States developed a national market economy during the nineteenth century, the number of business transactions across state lines increased dramatically. Many of these transactions were cumbersome, however, because of differences among the states on commercial subjects, such as negotiable instruments, sales, and warehousing. Recognizing these problems, a number of business lawyers suggested the need for greater uniformity among the states in commercial law.
In 1889 the legislature of New York, the leading commercial state at that time, passed a statute providing for the appointment of commissioners who were authorized to solicit the appointment of commissioners from other states for the purpose of preparing uniform state laws. In 1892 the first meeting of the National Conference of Commissioners on Uniform State Laws (NCCUSL) was held in connection with the annual meeting of the American Bar Association. At first the Commissioners concentrated on technical questions, such as standardized forms for acknowledgement of instruments, but they soon ventured into more substantive areas. By the early part of the twentieth century, the Commissioners had prepared uniform acts on a number of commercial subjects: negotiable instruments, sales, warehouse receipts, bills of lading, and trust receipts, to name just a few.