Commercial Transactions

Three developments suggest that the 1987 Survey period will be remembered as a watershed year in the development of Texas commercial law. First, the Texas Supreme Court created at least two new theories of action in commercial litigation. Second, application of the Uniform Commercial Code was broader in certain factual or legal settings. Third, Texas courts rejected various rules developed in some earlier commercial cases. These developments occurred against the backdrop of a very active year in commercial transaction litigation. This Article collects and discusses several of these cases, including brief discussion of related matters affecting commercial practice. The topical organization parallels that of the Texas Business & Commerce Code.