American Law Institute Approves Restatement of Consumer Contracts Law

After an eleven year process, the American Law Institute (ALI) approved the Restatement of Consumer Contracts Law.  Congratulations to Reporters, Oren Bar-Gill, Omri Ben-Shahar, Florencia Marotta-Wurgler for their success in shepherding the document through the process.

I was not at the meeting, so I cannot give an account of what went on, nor do I have access to the final draft.  The best I can do is share this podcast, sponsored by the Ballard Spahr law firm, hosted by Alan Kaplinsky, Ballard Spahr Senior Counsel, and featuring an interview with Steven O. Weise (above), a member of the ALI council.

If we have readers with perspectives, please feel free to share, in comments or as a guest post!