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Abstract

On July 5, 1963, the development of commercial law in Nebraska received a gigantic forward thrust—a thrust necessary to bring that development even with the jet age. On that date Governor Frank Morrison approved Legislative Bill No. 49 of the 73rd Session of the Nebraska Legislature enacting the Uniform Commercial Code. In one sweep of the pen, Nebraska had law (or would, in September 1965, have law) in areas where none has existed previously—either in statutory or decisional form, law which it had taken even the most important commercial states and the British common law jurisdictions hundreds of years to develop. The panorama of the Code is the coverage of a commercial transaction involving any kind of personal property from beginning to end. It is divided into ten articles. It is the purpose of this article to consider the content of Articles 1 and 2 of the Code and their impact upon prior Nebraska commercial law.

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