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Chapter 336
Section 336.1-305
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This is an historical version of this statute chapter. Also view the most recent published version.
336.1-305 REMEDIES TO BE LIBERALLY ADMINISTERED.
(a) The remedies provided by the Uniform Commercial Code 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 the Uniform Commercial Code or by other rule of law.
(b) Any right or obligation declared by the Uniform Commercial Code is enforceable by
action unless the provision declaring it specifies a different and limited effect.
History: 2004 c 162 art 1 s 20
(a) The remedies provided by the Uniform Commercial Code 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 the Uniform Commercial Code or by other rule of law.
(b) Any right or obligation declared by the Uniform Commercial Code is enforceable by
action unless the provision declaring it specifies a different and limited effect.
History: 2004 c 162 art 1 s 20
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Revisor of Statutes