answersLogoWhite

0


Best Answer

§ 1-103. Construction of [Uniform Commercial Code] to Promote its Purposes and Policies: Applicability of Supplemental Principles of Law.

(a) [The Uniform Commercial Code] must be liberally construed and applied to promote its underlying purposes and policies, which are: (1) to simplify, clarify, and modernize the law governing commercial transactions; (2) to permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and (3) to make uniform the law among the various jurisdictions.

(b) Unless displaced by the particular provisions of [the Uniform Commercial Code], the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement its provisions.

This is extremely important to remember!

User Avatar

Wiki User

โˆ™ 2012-02-27 19:26:10
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides

Algebra

20 cards

A polynomial of degree zero is a constant term

The grouping method of factoring can still be used when only some of the terms share a common factor A True B False

The sum or difference of p and q is the of the x-term in the trinomial

A number a power of a variable or a product of the two is a monomial while a polynomial is the of monomials

โžก๏ธ
See all cards
3.72
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
335 Reviews

Add your answer:

Earn +20 pts
Q: What is UCC 1-308?
Write your answer...
Submit
Related questions

Do you have the right to sign your drivers license UCC 1308?

The Universal Commercial Code (UCC) 1308 - refers to NEGOTIABLE instruments. A drivers license is not a 'negotiable' instrument, therefore it does not apply. The state DOES have the right to refuse to issue a license if you do not personally sign the document thereby signifying your acknowledgement of the motor vehicle laws AND (at the same time) giving a 'specimen' signature.


How many feet are there in 1308 inches?

There are 12 inches in one foot. Therefore, 1308 inches is equal to 1308/12 = 109 feet.


How many times does 12 go into 1308?

1308 ÷ 12 = 109


When was UCC Demons created?

UCC Demons was created in 1966.


How does UCC 1-308 work?

How does UCC 1-308 work


Who are you if you file for ucc?

what does a person become ( he/she ) after filing for a ucc and what will he/she be recognized as ? ( Borrower/ Lendor )?


When was UCC Students' Union created?

UCC Students' Union was created in 1973.


What are the release dates for Passions - 1999 1-1308?

Passions - 1999 1-1308 was released on: USA: 6 September 2004


What is UCC 1-103 1-308?

what is UCC 1-103 1-308


218 multiplied by 6 equals?

1308


When did Kรถnchek die?

Könchek died in 1308.


When was Longchenpa born?

Longchenpa was born in 1308.


How do you put 13.08 into a fraction?

1308/100


When was UCC Ueshima Coffee Co. created?

UCC Ueshima Coffee Co. was created in 1933.


When was Unified Code Count - UCC - created?

Unified Code Count - UCC - was created in 2009.


Identify two primary responsibilities of ucc members during ucc activation?

Performing operational checks on all UCC equipment Ensuring security measures are in place and followed


What are the release dates for Days of Our Lives - 1965 1-1308?

Days of Our Lives - 1965 1-1308 was released on: USA: 13 January 1971


What student loans can be filed under the UCC?

The student loans that are not paid in time can be filed under the UCC.


What is the least common multiple of 109and 12?

1308


What year was the first spaghetti bolognese made?

1308


Identify two primary responsibilites of ucc members during ucc activation?

a. Performing operational checks on all UCC equipment b. ensuring security measures are in place and followed


Why did Louisiana not adopt all articles of the UCC?

Louisiana did not adopt Article 2 of the UCC because Louisiana is a Civil Law Jurisdiction and already had their own different sales regime prior to the UCC.


What is the UK equivalent of the ucc-1 financing statement?

Its a ucc-1 financing statement... the secret is in the u UNIVERSAL.


How often is a UCC member required to take UCC operations training and participate in an exercise?

Every 20 months


Can a company file a UCC-1 on your property without your knowledge?

You would have knowledge of a valid UCC since you would need to sign it.You would have knowledge of a valid UCC since you would need to sign it.You would have knowledge of a valid UCC since you would need to sign it.You would have knowledge of a valid UCC since you would need to sign it.