Michigan Compiled Laws
174-1962-2-7 - Part 7 Remedies (440.2701...440.2725)
Section 440.2719 - Contractual Modification or Limitation of Remedies.

Sec. 2719.
(1) Subject to the provisions of subsections (2) and (3) of this section and of the preceding section on liquidation and limitation of damages
(a) the agreement may provide for remedies in addition to or in substitution for those provided in this article and may limit or alter the measure of damages recoverable under this article, as by limiting the buyer's remedies to return of the goods and repayment of the price or to repair and replacement of nonconforming goods or parts; and
(b) resort to a remedy as provided is optional unless the remedy is expressly agreed to be exclusive, in which case it is the sole remedy.
(2) Where circumstances cause an exclusive or limited remedy to fail of its essential purpose, remedy may be had as provided in this act.
(3) Consequential damages may be limited or excluded unless the limitation or exclusion is unconscionable. Limitation of consequential damages for injury to the person in the case of consumer goods is prima facie unconscionable but limitation of damages where the loss is commercial is not.
History: 1962, Act 174, Eff. Jan. 1, 1964

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 440 - Uniform Commercial Code

Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)

Article 2 - Sales (440.2101...440.2725)

174-1962-2-7 - Part 7 Remedies (440.2701...440.2725)

Section 440.2701 - Collateral or Ancillary Contracts; Remedies for Breach.

Section 440.2702 - Insolvency of Buyer; Remedies of Seller.

Section 440.2703 - Buyer's Wrongful Rejection, Revocation of Acceptance, or Nonpayment; Remedies of Seller.

Section 440.2704 - Buyer's Wrongful Rejection, Revocation of Acceptance, or Nonpayment; Identification of Goods; Resale; Salvage.

Section 440.2705 - Stoppage of Delivery in Transit or Otherwise; Conditions; Notice to Bailee.

Section 440.2706 - Buyer's Wrongful Rejection, Revocation of Acceptance, or Nonpayment; Resale by Seller; Recovery of Loss; Notice to Buyer; Profit.

Section 440.2707 - Person in the Position of a Seller.

Section 440.2708 - Nonacceptance or Repudiation; Seller's Damages.

Section 440.2709 - Nonpayment; Action for Price, Damages.

Section 440.2710 - Seller's Incidental Damages.

Section 440.2711 - Nondelivery, Repudiation, Rejection, or Revocation of Acceptance; Buyer's Remedies; Security Interest in Goods.

Section 440.2712 - Cover; Procurement of Substitute Goods; Buyer's Damages.

Section 440.2713 - Nondelivery or Repudiation; Buyer's Damages.

Section 440.2714 - Accepted Goods; Buyer's Damages for Breach.

Section 440.2715 - Buyer's Incidental and Consequential Damages.

Section 440.2716 - Specific Performance; Replevin; Claim and Delivery.

Section 440.2717 - Deduction of Damages From Price; Notice.

Section 440.2718 - Liquidation and Limitation of Damages; Restitution to Buyers.

Section 440.2719 - Contractual Modification or Limitation of Remedies.

Section 440.2720 - Cancellation, Rescission, Antecedent Breach.

Section 440.2721 - Remedies for Misrepresentation or Fraud.

Section 440.2722 - Right of Action Against Third Party for Injury to Goods.

Section 440.2723 - Evidence of Market Price; Time, Place, Surprise.

Section 440.2724 - Evidence of Market Price; Market Quotations, Admissibility.

Section 440.2725 - Statute of Limitations in Contracts for Sale; Contractual Reduction.