25-1-305. Remedies to be liberally administered.
(a) The remedies provided by this Chapter shall 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 Chapter or by other rule of law.
(b) Any right or obligation declared by this Chapter is enforceable by action unless the provision declaring it specifies a different and limited effect. (1965, c. 700, s. 1; 2006-112, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 25 - Uniform Commercial Code
Article 1 - General Provisions.
§ 25-1-102 - Scope of Article.
§ 25-1-104 - Construction against implied repeal.
§ 25-1-106 - Use of singular and plural; gender.
§ 25-1-107 - Section captions.
§ 25-1-108 - Relation to Electronic Signatures in Global and National Commerce Act.
§ 25-1-201 - General definitions.
§ 25-1-202 - Notice; knowledge.
§ 25-1-203 - Lease distinguished from security interest.
§ 25-1-205 - Reasonable time; seasonableness.
§ 25-1-301 - Territorial applicability; parties' power to choose applicable law.
§ 25-1-302 - Variation by agreement.
§ 25-1-303 - Course of performance, course of dealing, and usage of trade.
§ 25-1-304 - Obligation of good faith.
§ 25-1-305 - Remedies to be liberally administered.
§ 25-1-306 - Waiver or renunciation of claim or right after breach.
§ 25-1-307 - Prima facie evidence by third-party documents.
§ 25-1-308 - Performance or acceptance under reservation of rights.