(1) The remedies provided by this 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 nor penal damages may be had except as specifically provided in this code or by other rule of law.
(2) Any right or obligation declared by this code is enforceable by action unless the provision declaring it specifies a different and limited effect.
History.—s. 1, ch. 65-254; s. 6, ch. 2007-134.
Note.—s. 1-106, U.C.C.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 671 - Uniform Commercial Code: General Provisions
Part I - Short Title, Construction, Application, and Subject Matter (Ss. 671.101-671.109)
671.101 - Short title; scope of chapter.
671.102 - Purposes; rules of construction; variation by agreement.
671.103 - Supplementary general principles of law applicable.
671.104 - Construction against implicit repeal.
671.105 - Territorial application of the code; parties’ power to choose applicable law.
671.106 - Remedies to be liberally administered.
671.107 - Waiver or renunciation of claim or right after breach.