May the New (UCC) Force Be With You!
Charles E. Rumbaugh, J.D., C.P.C.M.
Charles E. Rumbaugh, J.D., C.P.C.M., ADR Offices of Charles Rumbaugh, 310/373-1981; WWW.Rumbaugh.net
90th Annual International Conference Proceedings - 2005 - San Antonio, TX
Recently, certain amendments to Article 2 to the Uniform Commercial Code (UCC) were adopted by its drafters, the National Conference of Commissioners on Uniform State Laws and the American Law Institute—culminating a long and arduous process. Those amendments have now been referred to the several States for consideration as possible legislative amendments to their State Commercial Code. These UCC amendments will trigger the necessity of all buyers and sellers to “revisit” their organizational terms/conditions of purchase/sale, negotiation “tactics,” etc. including those appropriate in Supply Chain contract management/administration. And, with the ever-increasing focus by State/Federal government(s) on commercial purchases, government contracting officers at all levels are not immune from these amendments. This ISM Proceeding paper is intended to provide an overview of significant nonconsumer amendments to UCC Article 2 which may be of interest to professional buyers in order that the requisite “UCC Force” may be with them!