Legislation

Search OpenLegislation Statutes
This entry was published on 2014-12-26
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 1-305
Remedies to be Liberally Administered
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 1, PART 3
Section 1--305. Remedies to be Liberally Administered.

(a) The remedies provided by this act must be liberally administered
to the end that the aggrieved party may be put in as good a position as
if the other party had fully performed but neither consequential or
special damages nor penal damages may be had except as specifically
provided in this act or by other rule of law.

(b) Any right or obligation declared by this act is enforceable by
action unless the provision declaring it specifies a different and
limited effect.