[2] The American Law Institute began work on the second edition in 1962 and completed it in 1979; the version in use at present has a copyright year of 1981.
It is in this context of direct review that one can find numerous arguments both favoring and criticizing some aspects of the Restatement as an independent source of legal scholarship.
[9] Far more common, however, is the practice of citing the Restatement to clarify generally accepted doctrine in every major area of contract and commercial law.
[10][11] Although the Restatement of Contracts is still an influential academic work, certain aspects have been superseded in everyday legal practice by the Uniform Commercial Code.
Specifically, the UCC has replaced the Restatement (Second) of Contracts in regard to the sale of goods.