Abstract

http://ssrn.com/abstract=2044530
 
 

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The Unification of American Commercial Law


Arnald J. Kanning


Independent

January 1, 2014


Abstract:     
The economy of a state (‘dependent state’) may depend relatively more upon the economy of another, less dependent, state (‘dominant state’) than vice versa. This paper shows how the ‘dominant state’ can wield leverage over the issue of which legal rules to include in a uniform commercial law. In the preparation of a uniform commercial law, the ‘dependent state’ looks more likely to make a trade-off between increased interstate economic activity and applying less-preferred legal rules. Within the conceptual framework of historical and comparative institutional analysis (HCIA), an empirical study is offered of the American movement for the unification of commercial law throughout the nineteenth century.

Number of Pages in PDF File: 39

Keywords: HCIA, legal transplants, unification of law, U.S. Uniform Commercial Code

JEL Classification: K00

working papers series


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Date posted: April 24, 2012 ; Last revised: January 5, 2014

Suggested Citation

Kanning, Arnald J., The Unification of American Commercial Law (January 1, 2014). Available at SSRN: http://ssrn.com/abstract=2044530 or http://dx.doi.org/10.2139/ssrn.2044530

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Arnald J. Kanning (Contact Author)
Independent ( email )
No Address Available
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