This Note argues that the United States should not adopt the ICLAIC in its present form because doing so will compromise the existing U.S. framework for U.S. contract law. Part I discusses the current legal framework of contracts for the sale of goods in the United States, including: the major provisions of the United Nations Convention on Contracts for the International Sale of Goods and Article 2 of the Uniform Commercial Code. Part II discusses the three principal objectives of the ICLAIC by analyzing its Preamble and illustrating the provisions intended to accomplish these goals. Part III recognizes the theoretical benefits offered by the ICLAIC, but argues that these are outweighed by the many costs associated with U.S. adoption.
Susie A. Malloy,
The Inter-American Convention on the Law Applicable to International Contracts: Another Piece of the Puzzle of the Law Applicable to International Contracts,
19 Fordham Int'l L.J. 662
Available at: http://ir.lawnet.fordham.edu/ilj/vol19/iss2/25