Consumer Contracts

X

Status Details

Drafting of this project is completed. The official text is expected to be published in 2024.

At the 2022 Annual Meeting, the following actions were taken on Tentative Draft No. 2:

• A motion to amend the Restatement by adding a new § 2 on interpretation and construction, and then renumbering subsequent Sections passed.
• A motion to amend § 2 Adoption of Standard Contract Terms failed.
• A motion to amend § 3 Modification of Standard Contract Terms failed.
• A motion to remove entirely § 6 Deception failed.
• A motion to amend § 9(a) was withdrawn following the suggested revisions discussed during the project session by the membership.
• A motion to amend § 9(b) was withdrawn, after the Reporters agreed to address the concerns raised by the motion in § 9 Comments.
• A motion to remove any new language added to § 1 on reasonableness, § 1(c), and current § 2, from inclusion in the Boskey Motion did not pass.

The membership voted to approve Tentative Draft No. 2, subject to the approved motion to add a new § 2. This vote marks the completion of this project.

After a spirited discussion at the 2019 Annual Meeting, the membership voted to approve § 1 of Tentative Draft No. 1, subject to the discussion at the Meeting and usual editorial prerogative.

Read the article by Steven O. Weise featured in our Spring 2019 membership newsletter. 

For an in-depth description of this project, please visit the Consumer Contracts page of The ALI Adviser.