Maryland Statutes
Subtitle 3 - General Obligation and Construction of Contract
Section 2-303 - Allocation or Division of Risks

Where this title allocates a risk or a burden as between the parties “unless otherwise agreed,” the agreement may not only shift the allocation but may also divide the risk or burden.

Structure Maryland Statutes

Maryland Statutes

Commercial Law

Title 2 - Sales

Subtitle 3 - General Obligation and Construction of Contract

Section 2-301 - General Obligations of Parties

Section 2-302 - Unconscionable Contract or Clause

Section 2-303 - Allocation or Division of Risks

Section 2-304 - Price Payable in Money, Goods, Realty, or Otherwise

Section 2-305 - Open Price Term

Section 2-306 - Output, Requirements and Exclusive Dealings

Section 2-307 - Delivery in Single Lot or Several Lots

Section 2-308 - Absence of Specified Place for Delivery

Section 2-309 - Absence of Specific Time Provisions; Notice of Termination

Section 2-310 - Open Time for Payment or Running of Credit; Authority to Ship Under Reservation

Section 2-311 - Options and Cooperation Respecting Performance

Section 2-312 - Warranty of Title and Against Infringement; Buyer's Obligation Against Infringement

Section 2-313 - Express Warranties by Affirmation, Promise, Description, Sample

Section 2-314 - Implied Warranty; Merchantability; Usage of Trade

Section 2-315 - Implied Warranty; Fitness for Particular Use; Applicability to Lease and Bailment of Goods

Section 2-316 - Exclusion or Modification of Warranties

Section 2-316.1 - Limitation of Exclusion or Modification of Warranties to Consumers

Section 2-317 - Cumulation and Conflict of Warranties Express or Implied

Section 2-318 - Third Party Beneficiaries of Warranties Express or Implied

Section 2-319 - f.o.b. and f.a.s. Terms

Section 2-320 - c.i.f. and C. & F. Terms

Section 2-321 - c.i.f. or C. & f.; "Net Landed Weights"; "Payment on Arrival"; Warranty of Condition on Arrival

Section 2-322 - Delivery "Ex-Ship"

Section 2-323 - Form of Bill of Lading Required in Overseas Shipment; "Overseas"

Section 2-324 - "No Arrival, No Sale" Term

Section 2-325 - "Letter of Credit" Term; "Confirmed Credit"

Section 2-326 - Sale on Approval and Sale or Return

Section 2-327 - Special Incidents of Sale on Approval and Sale or Return

Section 2-328 - Sale by Auction