Commercial Transactions

Since the enactment of the Uniform Commercial Code in Texas in 1966, the courts have gradually become more familiar with and more sophisticated in their treatment of this complex body of law. The cases reported in this Annual Survey Article are no exception to this general observation and, along with a number of the expected, routine commercial problems, several difficult and well-handled commercial law cases have been decided. Of particular note are those cases that involve the interaction of the Code with other bodies of law, including tort law, the Texas Deceptive Trade Practices—Consumer Protection Act (DTPA), and statutory lien creditor remedies. This article also discusses the Federal Depository Institutions Deregulation and Monetary Control Act of 1980, which has had a rapid and significant impact on the banking and secured transactions aspects of the commercial law field.