Interpretation, Construction and Revision of the Commercial Code: The Presumption of Holding in Due Course

Abstract

It is usually assumed that the codification of the law or of a particular statute goes through four stages. These are drafting, enactment, interpretation, and revision. Due to a number of unusual circumstances, the history of the Uniform Commercial Code has not clearly followed these steps. So as a preliminary matter it might be beneficial briefly to review it.

Keywords

Commercial law, Statutes

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Authors

Frederick K. Beutel (Saint Louis University)

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