Sec. 1305.
(1) The remedies provided in this act 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 this act or by other rule of law.
(2) Any right or obligation declared by this act is enforceable by action unless the provision declaring it specifies a different and limited effect.
History: Add. 2012, Act 86, Eff. July 1, 2013
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 1 - General Provisions (440.1101...440.1310)
174-1962-1-3 - Part 3 Territorial Applicability and General Rules (440.1301...440.1310)
Section 440.1302 - Agreements; "Unless Otherwise Agreed"; Implication.
Section 440.1303 - Course of Performance, Course of Dealing, or Usage of Trade.
Section 440.1304 - Good Faith Obligation.
Section 440.1305 - Administration of Remedies; Enforcement of Right or Obligation.
Section 440.1306 - Claim or Right Arising Out of Alleged Breach; Discharge.
Section 440.1307 - Prima Facie Evidence of Certain Documents.