(a) The remedies provided by 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.
(b) Any right or obligation declared by this act is enforceable by
action unless the provision declaring it specifies a different and
limited effect.
Structure New York Laws
Part 3 - Territorial Applicability and General Rules
1-301 - Territorial Applicability; Parties' Power to Choose Applicable Law.
1-302 - Variation by Agreement.
1-303 - Course of Performance, Course of Dealing, and Usage of Trade.
1-304 - Obligation of Good Faith.
1-305 - Remedies to Be Liberally Administered.
1-306 - Waiver or Renunciation of Claim or Right After Breach.
1-307 - Prima Facie Evidence by Third-Party Documents.
1-308 - Performance or Acceptance Under Reservation of Rights.