Section 1–301. (a) Except as provided hereafter in this section, when a transaction bears a reasonable relation to the commonwealth and also to another state or nation, the parties may agree that the law of either the commonwealth or of such other state or nation shall govern the rights and duties under the transaction. Failing to reach such an agreement, this chapter applies to transactions bearing an appropriate relation to the commonwealth.
(b) To the extent that this chapter governs a transaction, if one of the following sections specifies the applicable law, that section governs and a contrary agreement is effective only to the extent permitted by the section specified:
(1) section 2–402;
(2) sections 2A–105 and 2A–106;
(3) section 4–102;
(4) section 4A–507;
(5) section 5–116;
(6) section 8–110; and
(7) sections 9–301 through 9–307.
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