§1-1305. Remedies to be liberally administered
(1). 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.
[PL 2009, c. 325, Pt. A, §2 (NEW); PL 2009, c. 325, Pt. A, §4 (AFF).]
(2). 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.
[PL 2009, c. 325, Pt. A, §2 (NEW); PL 2009, c. 325, Pt. A, §4 (AFF).]
SECTION HISTORY
PL 2009, c. 325, Pt. A, §2 (NEW). PL 2009, c. 325, Pt. A, §4 (AFF).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 1-A: GENERAL PROVISIONS
Part 3: TERRITORIAL APPLICABILITY AND GENERAL RULES
11 §1-1301. Territorial applicability; parties' power to choose applicable law
11 §1-1302. Variation by agreement
11 §1-1303. Course of performance, course of dealing and usage of trade
11 §1-1304. Obligation of good faith
11 §1-1305. Remedies to be liberally administered
11 §1-1306. Waiver or renunciation of claim or right after breach
11 §1-1307. Prima facie evidence by 3rd-party documents
11 §1-1308. Performance or acceptance under reservation of rights