Section 1–103. (a) This chapter shall 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 this chapter, 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.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 106 - Uniform Commercial Code
Article 1 - General Provisions
Section 1-301 - Territorial Applicability; Parties' Power to Choose Applicable Law
Section 1-302 - Variation by Agreement
Section 1-304 - Obligation of Good Faith
Section 1-305 - Remedies to Be Liberally Administered
Section 1-308 - Performance or Acceptance Under Reservation of Rights
Section 1-307 - Prima Facie Evidence by Third–party Documents
Section 1-309 - Option to Accelerate at Will
Section 1-310 - Subordinated Obligations
Section 1-306 - Waiver or Renunciation of Claim or Right After Breach
Section 1-303 - Course of Performance, Course of Dealing, and Usage of Trade
Section 1-205 - Reasonable Time; Seasonableness
Section 1-107 - Section Captions and Subsection Headings
Section 1-108 - Relation to Electronic Signatures in Global and National Commerce Act
Section 1-102 - Scope of Article
Section 1-201 - General Definitions