(a) The remedies provided by this subtitle 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 subtitle or by other rule of law.
(b) Any right or obligation declared by this subtitle is enforceable by action unless the provision declaring it specifies a different and limited effect.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 1 - General Provisions
Part 3 - Territorial Applicability and General Rules
§ 4-1-301. Territorial application of the subtitle — Parties' power to choose applicable law
§ 4-1-302. Variation by agreement
§ 4-1-303. Course of performance — Course of dealing — Usage of trade
§ 4-1-304. Obligation of good faith
§ 4-1-305. Remedies to be liberally administered
§ 4-1-306. Waiver or renunciation of claim or right after breach
§ 4-1-307. Prima facie evidence by third-party documents
§ 4-1-308. Performance or acceptance under reservation of rights