Rhode Island General Laws
Title 6A - Uniform Commercial Code

Section 6A-1-103. - Construction of Uniform Commercial Code to promote its purposes and policies — Applicability of supplemental principles of law. - § 6A-1-103. Construction of Uniform Commercial Code to promote its...

Section 6A-1-104. - Construction against implied repeal. - § 6A-1-104. Construction against implied repeal. Title 6A being a...

Section 6A-1-105. - Severability. - § 6A-1-105. Severability. If any provision or clause of title...

Section 6A-1-106. - Use of singular and plural — Gender. - § 6A-1-106. Use of singular and plural — Gender. In...

Section 6A-1-107. - Section captions. - § 6A-1-107. Section captions. Section captions are part of title...

Section 6A-1-108. - Relation to Electronic Signatures in Global and National Commerce Act. - § 6A-1-108. Relation to Electronic Signatures in Global and National...

Section 6A-1-109. - Repealed. - § 6A-1-109. Repealed. History of Section.P.L. 1960, ch. 147, §...

Part 2 - General Definitions and Principles of Interpretation

Section 6A-1-201. - General definitions. - § 6A-1-201. General definitions. (a) Unless the context otherwise requires,...

Section 6A-1-202. - Notice — Knowledge. - § 6A-1-202. Notice — Knowledge. (a) Subject to subsection (f),...

Section 6A-1-203. - Lease distinguished from security interest. - § 6A-1-203. Lease distinguished from security interest. (a) Whether a...

Section 6A-1-204. - Value. - § 6A-1-204. Value. Except as otherwise provided in chapters 3,...

Section 6A-1-205. - Reasonable time — Seasonableness. - § 6A-1-205. Reasonable time — Seasonableness. (a) Whether a time...

Section 6A-1-206. - Presumptions. - § 6A-1-206. Presumptions. Whenever title 6A creates a “presumption” with...

Section 6A-1-207. - Repealed. - § 6A-1-207. Repealed. History of Section.P.L. 1960, ch. 147, §...

Section 6A-1-208. - Repealed. - § 6A-1-208. Repealed. History of Section.P.L. 1960, ch. 147, §...

Part 3 - Territorial Applicability and General Rules

Section 6A-1-301. - Territorial applicability — Parties’ power to choose applicable law. - § 6A-1-301. Territorial applicability — Parties’ power to choose applicable...

Section 6A-1-302. - Variation by agreement. - § 6A-1-302. Variation by agreement. (a) Except as otherwise provided...

Section 6A-1-303. - Course of performance, course of dealing and usage of trade. - § 6A-1-303. Course of performance, course of dealing and usage...

Section 6A-1-304. - Obligation of good faith. - § 6A-1-304. Obligation of good faith. Every contract or duty...

Section 6A-1-305. - Remedies to be liberally administered. - § 6A-1-305. Remedies to be liberally administered. (a) The remedies...

Section 6A-1-306. - Waiver or renunciation of claim or right after breach. - § 6A-1-306. Waiver or renunciation of claim or right after...

Section 6A-1-307. - Prima facie evidence by third-party documents. - § 6A-1-307. Prima facie evidence by third-party documents. A document...

Section 6A-1-308. - Performance or acceptance under reservation of rights. - § 6A-1-308. Performance or acceptance under reservation of rights. (a)...

Section 6A-1-309. - Option to accelerate at will. - § 6A-1-309. Option to accelerate at will. A term providing...

Section 6A-1-310. - Subordinated obligations. - § 6A-1-310. Subordinated obligations. An obligation may be issued as...

Chapter 6A-2 - Sales

Part 1 - Short Title, General Construction and Subject Matter

Section 6A-2-101. - Short title. - § 6A-2-101. Short title. This chapter shall be known and...

Section 6A-2-102. - Scope — Certain security and other transactions excluded from this chapter. - § 6A-2-102. Scope — Certain security and other transactions excluded...

Section 6A-2-103. - Definitions and index of definitions. - § 6A-2-103. Definitions and index of definitions. (a) In this...

Section 6A-2-104. - Definitions — “Merchant” — “Between merchants” — “Financing agency”. - § 6A-2-104. Definitions — “Merchant” — “Between merchants” — “Financing...

Section 6A-2-105. - Definitions — Transferability — “Goods” — “Future” goods — “Lot” — “Commercial unit”. - § 6A-2-105. Definitions — Transferability — “Goods” — “Future” goods...

Section 6A-2-106. - Definitions — “Contract” — “Agreement” — “Contract for sale” — “Sale” — “Present sale” — “Conforming” to contract — “Termination” — “Cancellation”. - § 6A-2-106. Definitions — “Contract” — “Agreement” — “Contract for...

Section 6A-2-107. - Goods to be severed from realty — Recording. - § 6A-2-107. Goods to be severed from realty — Recording....

Part 2 - Form, Formation and Readjustment of Contracts

Section 6A-2-201. - Formal requirements — Statute of frauds. - § 6A-2-201. Formal requirements — Statute of frauds. (1) Except...

Section 6A-2-202. - Final written expression — Parol or extrinsic evidence. - § 6A-2-202. Final written expression — Parol or extrinsic evidence....

Section 6A-2-203. - Seals inoperative. - § 6A-2-203. Seals inoperative. The affixing of a seal to...

Section 6A-2-204. - Formation in general. - § 6A-2-204. Formation in general. (1) A contract for sale...

Section 6A-2-205. - Firm offers. - § 6A-2-205. Firm offers. An offer by a merchant to...

Section 6A-2-206. - Offer and acceptance in formation of contract. - § 6A-2-206. Offer and acceptance in formation of contract. (1)...

Section 6A-2-207. - Additional terms in acceptance or confirmation. - § 6A-2-207. Additional terms in acceptance or confirmation. (1) A...

Section 6A-2-208. - Repealed. - § 6A-2-208. Repealed. History of Section.P.L. 1960, ch. 147, §...

Section 6A-2-209. - Modification, rescission, and waiver. - § 6A-2-209. Modification, rescission, and waiver. (1) An agreement modifying...

Section 6A-2-210. - Delegation of performance — Assignment of rights. - § 6A-2-210. Delegation of performance — Assignment of rights. (1)...

Part 3 - General Obligation and Construction of Contract

Section 6A-2-301. - General obligations of parties. - § 6A-2-301. General obligations of parties. The obligation of the...

Section 6A-2-302. - Unconscionable contract or clause. - § 6A-2-302. Unconscionable contract or clause. (1) If the court...

Section 6A-2-303. - Allocation or division of risks. - § 6A-2-303. Allocation or division of risks. Where this chapter...

Section 6A-2-304. - Price payable in money, goods, realty, or otherwise. - § 6A-2-304. Price payable in money, goods, realty, or otherwise....

Section 6A-2-305. - Open price term. - § 6A-2-305. Open price term. (1) The parties if they...

Section 6A-2-306. - Output, requirements, and exclusive dealings. - § 6A-2-306. Output, requirements, and exclusive dealings. (1) A term...

Section 6A-2-307. - Delivery in single lot or several lots. - § 6A-2-307. Delivery in single lot or several lots. Unless...

Section 6A-2-308. - Absence of specified place for delivery. - § 6A-2-308. Absence of specified place for delivery. Unless otherwise...

Section 6A-2-309. - Absence of specific time provisions — Notice of termination. - § 6A-2-309. Absence of specific time provisions — Notice of...

Section 6A-2-310. - Open time for payment or running of credit — Authority to ship under reservation. - § 6A-2-310. Open time for payment or running of credit...

Section 6A-2-311. - Options and cooperation respecting performance. - § 6A-2-311. Options and cooperation respecting performance. (1) An agreement...

Section 6A-2-312. - Warranty of title and against infringement — Buyer’s obligation against infringement. - § 6A-2-312. Warranty of title and against infringement — Buyer’s...

Section 6A-2-313. - Express warranties by affirmation, promise, description, or sample. - § 6A-2-313. Express warranties by affirmation, promise, description, or sample....

Section 6A-2-314. - Implied warranty — Merchantability — Usage of trade. - § 6A-2-314. Implied warranty — Merchantability — Usage of trade....

Section 6A-2-315. - Implied warranty — Fitness for particular purpose. - § 6A-2-315. Implied warranty — Fitness for particular purpose. Where...

Section 6A-2-316. - Exclusion or modification of warranties. - § 6A-2-316. Exclusion or modification of warranties. (1) Words or...

Section 6A-2-317. - Cumulation and conflict of warranties express or implied. - § 6A-2-317. Cumulation and conflict of warranties express or implied....

Section 6A-2-318. - Third party beneficiaries of warranties express or implied. - § 6A-2-318. Third party beneficiaries of warranties express or implied....

Section 6A-2-319. - F.O.B. and F.A.S. terms. - § 6A-2-319. F.O.B. and F.A.S. terms. (1) Unless otherwise agreed...

Section 6A-2-320. - C.I.F. and C. & F. terms. - § 6A-2-320. C.I.F. and C. & F. terms. (1) The...

Section 6A-2-321. - C.I.F. or C. & F. — “Net landed weights” — “Payment on arrival” — Warranty of condition on arrival. - § 6A-2-321. C.I.F. or C. & F. — “Net landed...

Section 6A-2-322. - Delivery “ex-ship”. - § 6A-2-322. Delivery “ex-ship”. (1) Unless otherwise agreed, a term...

Section 6A-2-323. - Form of bill of lading required in overseas shipment — “Overseas”. - § 6A-2-323. Form of bill of lading required in overseas...

Section 6A-2-324. - “No arrival, no sale” term. - § 6A-2-324. “No arrival, no sale” term. Under a term...

Section 6A-2-325. - “Letter of credit” term — “Confirmed credit”. - § 6A-2-325. “Letter of credit” term — “Confirmed credit”. (1)...

Section 6A-2-326. - Sale on approval and sale or return — Rights of creditors. - § 6A-2-326. Sale on approval and sale or return —...

Section 6A-2-327. - Special incidents of sale on approval and sale or return. - § 6A-2-327. Special incidents of sale on approval and sale...

Section 6A-2-328. - Sale by auction. - § 6A-2-328. Sale by auction. (1) In a sale by...

Section 6A-2-329. - Servicing of warranties. - § 6A-2-329. Servicing of warranties. (1) Definition of terms. (a)...

Part 4 - Title, Creditors and Good Faith Purchases

Section 6A-2-401. - Passing of title — Reservation for security — Limited application of this section. - § 6A-2-401. Passing of title — Reservation for security —...

Section 6A-2-402. - Rights of seller’s creditors against sold goods. - § 6A-2-402. Rights of seller’s creditors against sold goods. (1)...

Section 6A-2-403. - Power to transfer — Good faith purchase of goods — “Entrusting”. - § 6A-2-403. Power to transfer — Good faith purchase of...

Part 5 - Performance

Section 6A-2-501. - Insurable interest in goods — Manner of identification of goods. - § 6A-2-501. Insurable interest in goods — Manner of identification...

Section 6A-2-502. - Buyer’s right to goods on seller’s repudiation, failure to deliver, or insolvency. - § 6A-2-502. Buyer’s right to goods on seller’s repudiation, failure...

Section 6A-2-503. - Manner of seller’s tender of delivery. - § 6A-2-503. Manner of seller’s tender of delivery. (1) Tender...

Section 6A-2-504. - Shipment by seller. - § 6A-2-504. Shipment by seller. Where the seller is required...

Section 6A-2-505. - Seller’s shipment under reservation. - § 6A-2-505. Seller’s shipment under reservation. (1) Where the seller...

Section 6A-2-506. - Rights of financing agency. - § 6A-2-506. Rights of financing agency. (1) A financing agency...

Section 6A-2-507. - Effect of seller’s tender — Delivery on condition. - § 6A-2-507. Effect of seller’s tender — Delivery on condition....

Section 6A-2-508. - Cure by seller of improper tender or delivery — Replacement. - § 6A-2-508. Cure by seller of improper tender or delivery...

Section 6A-2-509. - Risk of loss in the absence of breach. - § 6A-2-509. Risk of loss in the absence of breach....

Section 6A-2-510. - Effect of breach on risk of loss. - § 6A-2-510. Effect of breach on risk of loss. (1)...

Section 6A-2-511. - Tender of payment by buyer — Payment by check. - § 6A-2-511. Tender of payment by buyer — Payment by...

Section 6A-2-512. - Payment by buyer before inspection. - § 6A-2-512. Payment by buyer before inspection. (1) Where the...

Section 6A-2-513. - Buyer’s right to inspection of goods. - § 6A-2-513. Buyer’s right to inspection of goods. (1) Unless...

Section 6A-2-514. - When documents deliverable on acceptance — When on payment. - § 6A-2-514. When documents deliverable on acceptance — When on...

Section 6A-2-515. - Preserving evidence of goods in dispute. - § 6A-2-515. Preserving evidence of goods in dispute. In furtherance...

Part 6 - Breach, Repudiation and Excuse

Section 6A-2-601. - Buyer’s rights on improper delivery. - § 6A-2-601. Buyer’s rights on improper delivery. Subject to the...

Section 6A-2-602. - Manner and effect of rightful rejection. - § 6A-2-602. Manner and effect of rightful rejection. (1) Rejection...

Section 6A-2-603. - Merchant buyer’s duties as to rightfully rejected goods. - § 6A-2-603. Merchant buyer’s duties as to rightfully rejected goods....

Section 6A-2-604. - Buyer’s options as to salvage of rightfully rejected goods. - § 6A-2-604. Buyer’s options as to salvage of rightfully rejected...

Section 6A-2-605. - Waiver of buyer’s objections by failure to particularize. - § 6A-2-605. Waiver of buyer’s objections by failure to particularize....

Section 6A-2-606. - What constitutes acceptance of goods. - § 6A-2-606. What constitutes acceptance of goods. (1) Acceptance of...

Section 6A-2-607. - Effect of acceptance — Notice of breach — Burden of establishing breach after acceptance — Notice of claim or litigation to person answerable over. - § 6A-2-607. Effect of acceptance — Notice of breach —...

Section 6A-2-608. - Revocation of acceptance in whole or in part. - § 6A-2-608. Revocation of acceptance in whole or in part....

Section 6A-2-609. - Right to adequate assurance of performance. - § 6A-2-609. Right to adequate assurance of performance. (1) A...

Section 6A-2-610. - Anticipatory repudiation. - § 6A-2-610. Anticipatory repudiation. When either party repudiates the contract...

Section 6A-2-611. - Retraction of anticipatory repudiation. - § 6A-2-611. Retraction of anticipatory repudiation. (1) Until the repudiating...

Section 6A-2-612. - “Installment contract” — Breach. - § 6A-2-612. “Installment contract” — Breach. (1) An “installment contract”...

Section 6A-2-613. - Casualty to identified goods. - § 6A-2-613. Casualty to identified goods. Where the contract requires...

Section 6A-2-614. - Substituted performance. - § 6A-2-614. Substituted performance. (1) Where without fault of either...

Section 6A-2-615. - Excuse by failure of presupposed conditions. - § 6A-2-615. Excuse by failure of presupposed conditions. Except so...

Section 6A-2-616. - Procedure on notice claiming excuse. - § 6A-2-616. Procedure on notice claiming excuse. (1) Where the...

Part 7 - Remedies

Section 6A-2-701. - Remedies for breach of collateral contracts not impaired. - § 6A-2-701. Remedies for breach of collateral contracts not impaired....

Section 6A-2-702. - Seller’s remedies on discovery of buyer’s insolvency. - § 6A-2-702. Seller’s remedies on discovery of buyer’s insolvency. (1)...

Section 6A-2-703. - Seller’s remedies in general. - § 6A-2-703. Seller’s remedies in general. Where the buyer wrongfully...

Section 6A-2-704. - Seller’s right to identify goods to the contract notwithstanding breach or to salvage unfinished goods. - § 6A-2-704. Seller’s right to identify goods to the contract...

Section 6A-2-705. - Seller’s stoppage of delivery in transit or otherwise. - § 6A-2-705. Seller’s stoppage of delivery in transit or otherwise....

Section 6A-2-706. - Seller’s resale including contract for resale. - § 6A-2-706. Seller’s resale including contract for resale. (1) Under...

Section 6A-2-707. - “Person in the position of a seller.” - § 6A-2-707. “Person in the position of a seller.” (1)...

Section 6A-2-708. - Seller’s damages for nonacceptance or repudiation. - § 6A-2-708. Seller’s damages for nonacceptance or repudiation. (1) Subject...

Section 6A-2-709. - Action for the price. - § 6A-2-709. Action for the price. (1) When the buyer...

Section 6A-2-710. - Seller’s incidental damages. - § 6A-2-710. Seller’s incidental damages. Incidental damages to an aggrieved...

Section 6A-2-711. - Buyer’s remedies in general — Buyer’s security interest in rejected goods. - § 6A-2-711. Buyer’s remedies in general — Buyer’s security interest...

Section 6A-2-712. - “Cover” — Buyer’s procurement of substitute goods. - § 6A-2-712. “Cover” — Buyer’s procurement of substitute goods. (1)...

Section 6A-2-713. - Buyer’s damages for nondelivery or repudiation. - § 6A-2-713. Buyer’s damages for nondelivery or repudiation. (1) Subject...

Section 6A-2-714. - Buyer’s damages for breach in regard to accepted goods. - § 6A-2-714. Buyer’s damages for breach in regard to accepted...

Section 6A-2-715. - Buyer’s incidental and consequential damages. - § 6A-2-715. Buyer’s incidental and consequential damages. (1) Incidental damages...

Section 6A-2-716. - Buyer’s right to specific performance or replevin. - § 6A-2-716. Buyer’s right to specific performance or replevin. (1)...

Section 6A-2-717. - Deduction of damages from the price. - § 6A-2-717. Deduction of damages from the price. The buyer...

Section 6A-2-718. - Liquidation or limitation of damages — Deposits. - § 6A-2-718. Liquidation or limitation of damages — Deposits. (1)...

Section 6A-2-719. - Contractual modification or limitation of remedy. - § 6A-2-719. Contractual modification or limitation of remedy. (1) Subject...

Section 6A-2-720. - Effect of “cancellation” or “rescission” on claims for antecedent breach. - § 6A-2-720. Effect of “cancellation” or “rescission” on claims for...

Section 6A-2-721. - Remedies for fraud. - § 6A-2-721. Remedies for fraud. Remedies for material misrepresentation or...

Section 6A-2-722. - Who can sue third parties for injury to goods. - § 6A-2-722. Who can sue third parties for injury to...

Section 6A-2-723. - Proof of market price — Time and place. - § 6A-2-723. Proof of market price — Time and place....

Section 6A-2-724. - Admissibility of market quotations. - § 6A-2-724. Admissibility of market quotations. Whenever the prevailing price...

Section 6A-2-725. - Statute of limitations — Contracts for sale — Breach of warranty. - § 6A-2-725. Statute of limitations — Contracts for sale —...

Chapter 6A-2.1 - Leases

Part 1 - General Provisions

Section 6A-2.1-101. - Short title. - § 6A-2.1-101. Short title. This chapter shall be known and...

Section 6A-2.1-102. - Scope. - § 6A-2.1-102. Scope. This chapter applies to any transaction, regardless...

Section 6A-2.1-103. - Definitions and index of definitions. - § 6A-2.1-103. Definitions and index of definitions. (1) In this...

Section 6A-2.1-104. - Leases subject to other law. - § 6A-2.1-104. Leases subject to other law. (1) A lease,...

Section 6A-2.1-105. - Territorial application of chapter to goods covered by certificate of title. - § 6A-2.1-105. Territorial application of chapter to goods covered by...

Section 6A-2.1-106. - Limitation on power of parties to consumer lease to choose applicable law and judicial forum. - § 6A-2.1-106. Limitation on power of parties to consumer lease...

Section 6A-2.1-107. - Waiver or renunciation of claim or right after default. - § 6A-2.1-107. Waiver or renunciation of claim or right after...

Section 6A-2.1-108. - Unconscionability. - § 6A-2.1-108. Unconscionability. (1) If the court as a matter...

Section 6A-2.1-109. - Option to accelerate at will. - § 6A-2.1-109. Option to accelerate at will. (1) A term...

Part 2 - Formation and Construction of Lease Contract

Section 6A-2.1-201. - Statute of frauds. - § 6A-2.1-201. Statute of frauds. (1) A lease contract is...

Section 6A-2.1-202. - Final written expression: parol or extrinsic evidence. - § 6A-2.1-202. Final written expression: parol or extrinsic evidence. Terms...

Section 6A-2.1-203. - Seals inoperative. - § 6A-2.1-203. Seals inoperative. The affixing of a seal to...

Section 6A-2.1-204. - Formation in general. - § 6A-2.1-204. Formation in general. (1) A lease contract may...

Section 6A-2.1-205. - Firm offers. - § 6A-2.1-205. Firm offers. An offer by a merchant to...

Section 6A-2.1-206. - Offer and acceptance in formation of lease contract. - § 6A-2.1-206. Offer and acceptance in formation of lease contract....

Section 6A-2.1-207. - [Reserved.] - § 6A-2.1-207. [Reserved.]

Section 6A-2.1-208. - Modification, rescission, and waiver. - § 6A-2.1-208. Modification, rescission, and waiver. (1) An agreement modifying...

Section 6A-2.1-209. - Lessee under finance lease as beneficiary of supply contract. - § 6A-2.1-209. Lessee under finance lease as beneficiary of supply...

Section 6A-2.1-210. - Express warranties. - § 6A-2.1-210. Express warranties. (1) Express warranties by the lessor...

Section 6A-2.1-211. - Warranties against interference and against infringement — Lessee’s obligation against infringement. - § 6A-2.1-211. Warranties against interference and against infringement — Lessee’s...

Section 6A-2.1-212. - Implied warranty of merchantability. - § 6A-2.1-212. Implied warranty of merchantability. (1) Except in a...

Section 6A-2.1-213. - Implied warranty of fitness for particular purpose. - § 6A-2.1-213. Implied warranty of fitness for particular purpose. Except...

Section 6A-2.1-214. - Exclusion or modification of warranties. - § 6A-2.1-214. Exclusion or modification of warranties. (1) Words or...

Section 6A-2.1-215. - Cumulation and conflict of warranties express or implied. - § 6A-2.1-215. Cumulation and conflict of warranties express or implied....

Section 6A-2.1-216. - Third party beneficiaries of express and implied warranties. - § 6A-2.1-216. Third party beneficiaries of express and implied warranties....

Section 6A-2.1-217. - Identification. - § 6A-2.1-217. Identification. Identification of goods as goods to which...

Section 6A-2.1-218. - Insurance and proceeds. - § 6A-2.1-218. Insurance and proceeds. (1) A lessee obtains an...

Section 6A-2.1-219. - Risk of loss. - § 6A-2.1-219. Risk of loss. (1) Except in the case...

Section 6A-2.1-220. - Effect of default on risk of loss. - § 6A-2.1-220. Effect of default on risk of loss. (1)...

Section 6A-2.1-221. - Casualty to identified goods. - § 6A-2.1-221. Casualty to identified goods. If a lease contract...

Section 6A-2.1-222. - Effect of tax increase on lease payments. - § 6A-2.1-222. Effect of tax increase on lease payments. (a)...

Part 3 - Effect of Lease Contract

Section 6A-2.1-301. - Enforceability of lease contract. - § 6A-2.1-301. Enforceability of lease contract. Except as otherwise provided...

Section 6A-2.1-302. - Title to and possession of goods. - § 6A-2.1-302. Title to and possession of goods. Except as...

Section 6A-2.1-303. - Alienability of party’s interest under lease contract or of lessor’s residual interest in goods — Delegation of performance — Transfer of rights. - § 6A-2.1-303. Alienability of party’s interest under lease contract or...

Section 6A-2.1-304. - Subsequent lease of goods by lessor. - § 6A-2.1-304. Subsequent lease of goods by lessor. (1) Subject...

Section 6A-2.1-305. - Sale or sublease of goods by lessee. - § 6A-2.1-305. Sale or sublease of goods by lessee. (1)...

Section 6A-2.1-306. - Priority of certain liens arising by operation of law. - § 6A-2.1-306. Priority of certain liens arising by operation of...

Section 6A-2.1-307. - Priority of liens arising by attachment or levy on, security interests in, and other claims to goods. - § 6A-2.1-307. Priority of liens arising by attachment or levy...

Section 6A-2.1-308. - Special rights of creditors. - § 6A-2.1-308. Special rights of creditors. (1) A creditor of...

Section 6A-2.1-309. - Lessor’s and lessee’s rights when goods become fixtures. - § 6A-2.1-309. Lessor’s and lessee’s rights when goods become fixtures....

Section 6A-2.1-310. - Lessor’s and lessee’s rights when goods become accessions. - § 6A-2.1-310. Lessor’s and lessee’s rights when goods become accessions....

Section 6A-2.1-311. - Priority subject to subordination. - § 6A-2.1-311. Priority subject to subordination. Nothing in this chapter...

Part 4 - Performance of Lease Contract: Repudiated, Substituted, and Excused

Section 6A-2.1-401. - Insecurity: Adequate assurance of performance. - § 6A-2.1-401. Insecurity: Adequate assurance of performance. (1) A lease...

Section 6A-2.1-402. - Anticipatory repudiation. - § 6A-2.1-402. Anticipatory repudiation. If either party repudiates a lease...

Section 6A-2.1-403. - Retraction of anticipatory repudiation. - § 6A-2.1-403. Retraction of anticipatory repudiation. (1) Until the repudiating...

Section 6A-2.1-404. - Substituted performance. - § 6A-2.1-404. Substituted performance. (1) If without fault of the...

Section 6A-2.1-405. - Excused performance. - § 6A-2.1-405. Excused performance. Subject to § 6A-2.1-404 on substituted...

Section 6A-2.1-406. - Procedure on excused performance. - § 6A-2.1-406. Procedure on excused performance. (1) If the lessee...

Section 6A-2.1-407. - Irrevocable promises: Finance leases. - § 6A-2.1-407. Irrevocable promises: Finance leases. (1) In the case...

Part 5 - Default

Subpart A - In General

Section 6A-2.1-501. - Default: Procedure. - § 6A-2.1-501. Default: Procedure. (1) Whether the lessor or the...

Section 6A-2.1-502. - Notice after default. - § 6A-2.1-502. Notice after default. Except as otherwise provided in...

Section 6A-2.1-503. - Modification or impairment of rights and remedies. - § 6A-2.1-503. Modification or impairment of rights and remedies. (1)...

Section 6A-2.1-504. - Liquidation of damages. - § 6A-2.1-504. Liquidation of damages. (1) Damages payable by either...

Section 6A-2.1-505. - Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies. - § 6A-2.1-505. Cancellation and termination and effect of cancellation, termination,...

Section 6A-2.1-506. - Statute of limitations. - § 6A-2.1-506. Statute of limitations. (1) An action for default...

Section 6A-2.1-507. - Proof of market rent: Time and place. - § 6A-2.1-507. Proof of market rent: Time and place. (1)...

Subpart B - Default by Lessor

Section 6A-2.1-508. - Lessee’s remedies. - § 6A-2.1-508. Lessee’s remedies. (1) If a lessor fails to...

Section 6A-2.1-509. - Lessee’s rights on improper delivery — Rightful rejection. - § 6A-2.1-509. Lessee’s rights on improper delivery — Rightful rejection....

Section 6A-2.1-510. - Installment lease contracts: Rejection and default. - § 6A-2.1-510. Installment lease contracts: Rejection and default. (1) Under...

Section 6A-2.1-511. - Merchant lessee’s duties as to rightfully rejected goods. - § 6A-2.1-511. Merchant lessee’s duties as to rightfully rejected goods....

Section 6A-2.1-512. - Lessee’s duties as to rightfully rejected goods. - § 6A-2.1-512. Lessee’s duties as to rightfully rejected goods. (1)...

Section 6A-2.1-513. - Cure by lessor of improper tender or delivery — Replacement. - § 6A-2.1-513. Cure by lessor of improper tender or delivery...

Section 6A-2.1-514. - Waiver of lessee’s objections. - § 6A-2.1-514. Waiver of lessee’s objections. (1) In rejecting goods,...

Section 6A-2.1-515. - Acceptance of goods. - § 6A-2.1-515. Acceptance of goods. (1) Acceptance of goods occurs...

Section 6A-2.1-516. - Effect of acceptance of goods; notice of default; Burden of establishing default after acceptance; Notice of claim or litigation to person answerable over. - § 6A-2.1-516. Effect of acceptance of goods; notice of default;...

Section 6A-2.1-517. - Revocation of acceptance of goods. - § 6A-2.1-517. Revocation of acceptance of goods. (1) A lessee...

Section 6A-2.1-518. - Cover — Substitute goods. - § 6A-2.1-518. Cover — Substitute goods. (1) After a default...

Section 6A-2.1-519. - Lessee’s damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods. - § 6A-2.1-519. Lessee’s damages for nondelivery, repudiation, default, and breach...

Section 6A-2.1-520. - Lessee’s incidental and consequential damages. - § 6A-2.1-520. Lessee’s incidental and consequential damages. (1) Incidental damages...

Section 6A-2.1-521. - Lessee’s right to specific performance or replevin. - § 6A-2.1-521. Lessee’s right to specific performance or replevin. (1)...

Section 6A-2.1-522. - Lessee’s right to goods on lessor’s insolvency. - § 6A-2.1-522. Lessee’s right to goods on lessor’s insolvency. (1)...

Subpart C - Default by Lessee

Section 6A-2.1-523. - Lessor’s remedies. - § 6A-2.1-523. Lessor’s remedies. (1) If a lessee wrongfully rejects...

Section 6A-2.1-524. - Lessor’s right to identify goods to lease contract. - § 6A-2.1-524. Lessor’s right to identify goods to lease contract....

Section 6A-2.1-525. - Lessor’s right to possession of goods. - § 6A-2.1-525. Lessor’s right to possession of goods. (1) If...

Section 6A-2.1-526. - Lessor’s stoppage of delivery in transit or otherwise. - § 6A-2.1-526. Lessor’s stoppage of delivery in transit or otherwise....

Section 6A-2.1-527. - Lessor’s rights to dispose of goods. - § 6A-2.1-527. Lessor’s rights to dispose of goods. (1) After...

Section 6A-2.1-528. - Lessor’s damages for nonacceptance, failure to pay, repudiation, or other default. - § 6A-2.1-528. Lessor’s damages for nonacceptance, failure to pay, repudiation,...

Section 6A-2.1-529. - Lessor’s action for the rent. - § 6A-2.1-529. Lessor’s action for the rent. (1) After default...

Section 6A-2.1-530. - Lessor’s incidental damages. - § 6A-2.1-530. Lessor’s incidental damages. Incidental damages to an aggrieved...

Section 6A-2.1-531. - Standing to sue third parties for injury to goods. - § 6A-2.1-531. Standing to sue third parties for injury to...

Section 6A-2.1-532. - Lessor’s rights to residual interest. - § 6A-2.1-532. Lessor’s rights to residual interest. In addition to...

Chapter 6A-3 - Negotiable Instruments

Part 1 - General Provisions and Definitions

Section 6A-3-101. - Short title. - § 6A-3-101. Short title. This chapter may be cited as...

Section 6A-3-102. - Subject matter. - § 6A-3-102. Subject matter. (a) This chapter applies to negotiable...

Section 6A-3-103. - Definitions. - § 6A-3-103. Definitions. (a) In this chapter: (1) “Acceptor” means...

Section 6A-3-104. - Negotiable instrument. - § 6A-3-104. Negotiable instrument. (a) Except as provided in subsections...

Section 6A-3-105. - Issue of instrument. - § 6A-3-105. Issue of instrument. (a) “Issue” means the first...

Section 6A-3-106. - Unconditional promise or order. - § 6A-3-106. Unconditional promise or order. (a) Except as provided...

Section 6A-3-107. - Instrument payable in foreign money. - § 6A-3-107. Instrument payable in foreign money. Unless the instrument...

Section 6A-3-108. - Payable on demand or at definite time. - § 6A-3-108. Payable on demand or at definite time. (a)...

Section 6A-3-109. - Payable to bearer or to order. - § 6A-3-109. Payable to bearer or to order. (a) A...

Section 6A-3-110. - Identification of person to whom instrument is payable. - § 6A-3-110. Identification of person to whom instrument is payable....

Section 6A-3-111. - Place of payment. - § 6A-3-111. Place of payment. Except as otherwise provided for...

Section 6A-3-112. - Interest. - § 6A-3-112. Interest. (a) Unless otherwise provided in the instrument,...

Section 6A-3-113. - Date of instrument. - § 6A-3-113. Date of instrument. (a) An instrument may be...

Section 6A-3-114. - Contradictory terms of instrument. - § 6A-3-114. Contradictory terms of instrument. If an instrument contains...

Section 6A-3-115. - Incomplete instrument. - § 6A-3-115. Incomplete instrument. (a) “Incomplete instrument” means a signed...

Section 6A-3-116. - Joint and several liability — Contribution. - § 6A-3-116. Joint and several liability — Contribution. (a) Except...

Section 6A-3-117. - Other agreements affecting instrument. - § 6A-3-117. Other agreements affecting instrument. Subject to applicable law...

Section 6A-3-118. - Statute of limitations. - § 6A-3-118. Statute of limitations. (a) Except as provided in...

Section 6A-3-119. - Notice of right to defend action. - § 6A-3-119. Notice of right to defend action. In an...

Part 2 - Negotiation, Transfer, and Indorsement

Section 6A-3-201. - Negotiation. - § 6A-3-201. Negotiation. (a) “Negotiation” means a transfer of possession,...

Section 6A-3-202. - Negotiation subject to rescission. - § 6A-3-202. Negotiation subject to rescission. (a) Negotiation is effective...

Section 6A-3-203. - Transfer of instrument — Rights acquired by transfer. - § 6A-3-203. Transfer of instrument — Rights acquired by transfer....

Section 6A-3-204. - Indorsement. - § 6A-3-204. Indorsement. (a) “Indorsement” means a signature, other than...

Section 6A-3-205. - Special indorsement — Blank indorsement — Anomalous indorsement. - § 6A-3-205. Special indorsement — Blank indorsement — Anomalous indorsement....

Section 6A-3-206. - Restrictive indorsement. - § 6A-3-206. Restrictive indorsement. (a) An indorsement limiting payment to...

Section 6A-3-207. - Reacquisition. - § 6A-3-207. Reacquisition. Reacquisition of an instrument occurs if it...

Part 3 - Enforcement of Instruments

Section 6A-3-301. - Person entitled to enforce instrument. - § 6A-3-301. Person entitled to enforce instrument. “Person entitled to...

Section 6A-3-302. - Holder in due course. - § 6A-3-302. Holder in due course. (a) Subject to subsection...

Section 6A-3-303. - Value and consideration. - § 6A-3-303. Value and consideration. (a) An instrument is issued...

Section 6A-3-304. - Overdue instrument. - § 6A-3-304. Overdue instrument. (a) An instrument payable on demand...

Section 6A-3-305. - Defenses and Claims in Recoupment. - § 6A-3-305. Defenses and Claims in Recoupment. (a) Except as...

Section 6A-3-306. - Claims to an instrument. - § 6A-3-306. Claims to an instrument. A person taking an...

Section 6A-3-307. - Notice of breach of fiduciary duty. - § 6A-3-307. Notice of breach of fiduciary duty. (a) In...

Section 6A-3-308. - Proof of signatures and status as holder in due course. - § 6A-3-308. Proof of signatures and status as holder in...

Section 6A-3-309. - Enforcement of lost, destroyed, or stolen instrument. - § 6A-3-309. Enforcement of lost, destroyed, or stolen instrument. (a)...

Section 6A-3-310. - Effect of instrument on obligation for which taken. - § 6A-3-310. Effect of instrument on obligation for which taken....

Section 6A-3-311. - Accord and satisfaction by use of instrument. - § 6A-3-311. Accord and satisfaction by use of instrument. (a)...

Section 6A-3-312. - Lost, destroyed, or stolen cashier’s check, teller’s check, or certified check. - § 6A-3-312. Lost, destroyed, or stolen cashier’s check, teller’s check,...

Part 4 - Liability of Parties

Section 6A-3-401. - Signature. - § 6A-3-401. Signature. (a) A person is not liable on...

Section 6A-3-402. - Signature by representative. - § 6A-3-402. Signature by representative. (a) If a person acting,...

Section 6A-3-403. - Unauthorized signature. - § 6A-3-403. Unauthorized signature. (a) Unless otherwise provided in this...

Section 6A-3-404. - Impostors — Fictitious payees. - § 6A-3-404. Impostors — Fictitious payees. (a) If an impostor,...

Section 6A-3-405. - Employer’s responsibility for fraudulent indorsement by employee. - § 6A-3-405. Employer’s responsibility for fraudulent indorsement by employee. (a)...

Section 6A-3-406. - Negligence contributing to forged signature or alteration of instrument. - § 6A-3-406. Negligence contributing to forged signature or alteration of...

Section 6A-3-407. - Alteration. - § 6A-3-407. Alteration. (a) “Alteration” means (i) an unauthorized change...

Section 6A-3-408. - Drawee not liable on unaccepted draft. - § 6A-3-408. Drawee not liable on unaccepted draft. A check...

Section 6A-3-409. - Acceptance of draft — Certified check. - § 6A-3-409. Acceptance of draft — Certified check. (a) “Acceptance”...

Section 6A-3-410. - Acceptance varying draft. - § 6A-3-410. Acceptance varying draft. (a) If the terms of...

Section 6A-3-411. - Refusal to pay cashier’s checks, teller’s checks, and certified checks. - § 6A-3-411. Refusal to pay cashier’s checks, teller’s checks, and...

Section 6A-3-412. - Obligation of issuer of note or cashier’s check. - § 6A-3-412. Obligation of issuer of note or cashier’s check....

Section 6A-3-413. - Obligation of acceptor. - § 6A-3-413. Obligation of acceptor. (a) The acceptor of a...

Section 6A-3-414. - Obligation of drawer. - § 6A-3-414. Obligation of drawer. (a) This section does not...

Section 6A-3-415. - Obligation of indorser. - § 6A-3-415. Obligation of indorser. (a) Subject to subsections (b),...

Section 6A-3-416. - Transfer warranties. - § 6A-3-416. Transfer warranties. (a) A person who transfers an...

Section 6A-3-417. - Presentment warranties. - § 6A-3-417. Presentment warranties. (a) If an unaccepted draft is...

Section 6A-3-418. - Payment or acceptance by mistake. - § 6A-3-418. Payment or acceptance by mistake. (a) Except as...

Section 6A-3-419. - Instruments signed for accommodation. - § 6A-3-419. Instruments signed for accommodation. (a) If an instrument...

Section 6A-3-420. - Conversion of instrument. - § 6A-3-420. Conversion of instrument. (a) The law applicable to...

Part 5 - Dishonor

Section 6A-3-501. - Presentment. - § 6A-3-501. Presentment. (a) “Presentment” means a demand made by...

Section 6A-3-502. - Dishonor. - § 6A-3-502. Dishonor. (a) Dishonor of a note is governed...

Section 6A-3-503. - Notice of dishonor. - § 6A-3-503. Notice of dishonor. (a) The obligation of an...

Section 6A-3-504. - Excused presentment and notice of dishonor. - § 6A-3-504. Excused presentment and notice of dishonor. (a) Presentment...

Section 6A-3-505. - Evidence of dishonor. - § 6A-3-505. Evidence of dishonor. (a) The following are admissible...

Part 6 - Discharge and Payment

Section 6A-3-601. - Discharge and effect of discharge. - § 6A-3-601. Discharge and effect of discharge. (a) The obligation...

Section 6A-3-602. - Payment. - § 6A-3-602. Payment. (a) Subject to subsection (b), an instrument...

Section 6A-3-603. - Tender of payment. - § 6A-3-603. Tender of payment. (a) If tender of payment...

Section 6A-3-604. - Discharge by cancellation or renunciation. - § 6A-3-604. Discharge by cancellation or renunciation. (a) A person...

Section 6A-3-605. - Discharge of indorsers and accommodation parties. - § 6A-3-605. Discharge of indorsers and accommodation parties. (a) In...

Section 6A-3-606. - Official Comments. - § 6A-3-606. Official Comments. It is the intention of the...

Chapter 6A-4 - Bank Deposits and Collections

Part 1 - General Provisions and Definitions

Section 6A-4-101. - Short title. - § 6A-4-101. Short title. This chapter may be cited as...

Section 6A-4-102. - Applicability. - § 6A-4-102. Applicability. (a) To the extent that items within...

Section 6A-4-103. - Variation by agreement — Measure of damages — Action constituting ordinary care. - § 6A-4-103. Variation by agreement — Measure of damages —...

Section 6A-4-104. - Definitions and index of definitions. - § 6A-4-104. Definitions and index of definitions. (a) In this...

Section 6A-4-105. - “Bank” — “Depositary bank” — “Payor bank” — “Intermediary bank” — “Collecting bank” — “Presenting bank”. - § 6A-4-105. “Bank” — “Depositary bank” — “Payor bank” —...

Section 6A-4-106. - Payable through or payable at bank: collecting bank. - § 6A-4-106. Payable through or payable at bank: collecting bank....

Section 6A-4-107. - Separate office of bank. - § 6A-4-107. Separate office of bank. A branch or separate...

Section 6A-4-108. - Time of receipt of items. - § 6A-4-108. Time of receipt of items. (a) For the...

Section 6A-4-109. - Delays. - § 6A-4-109. Delays. (a) Unless otherwise instructed, a collecting bank...

Section 6A-4-110. - Electronic presentment. - § 6A-4-110. Electronic presentment. (a) “Agreement for electronic presentment” means...

Section 6A-4-111. - Statute of limitations. - § 6A-4-111. Statute of limitations. An action to enforce an...

Part 2 - Collection of Items: Depositary and Collecting Banks

Section 6A-4-201. - Status of collecting bank as agent and provisional status of credits — Applicability of article — Item indorsed “Pay Any Bank”. - § 6A-4-201. Status of collecting bank as agent and provisional...

Section 6A-4-202. - Responsibility for collection or return — When action timely. - § 6A-4-202. Responsibility for collection or return — When action...

Section 6A-4-203. - Effect of instructions. - § 6A-4-203. Effect of instructions. Subject to chapter 3 of...

Section 6A-4-204. - Methods of sending and presenting — Sending directly to payor bank. - § 6A-4-204. Methods of sending and presenting — Sending directly...

Section 6A-4-205. - Depositary bank holder of unindorsed item. - § 6A-4-205. Depositary bank holder of unindorsed item. If a...

Section 6A-4-206. - Transfer between banks. - § 6A-4-206. Transfer between banks. Any agreed method that identifies...

Section 6A-4-207. - Transfer warranties. - § 6A-4-207. Transfer warranties. (a) A customer or collecting bank...

Section 6A-4-208. - Presentment warranties. - § 6A-4-208. Presentment warranties. (a) If an unaccepted draft is...

Section 6A-4-209. - Encoding and retention warranties. - § 6A-4-209. Encoding and retention warranties. (a) A person who...

Section 6A-4-210. - Security interest of collecting bank in items, accompanying documents and proceeds. - § 6A-4-210. Security interest of collecting bank in items, accompanying...

Section 6A-4-211. - When bank gives value for purposes of holder in due course. - § 6A-4-211. When bank gives value for purposes of holder...

Section 6A-4-212. - Presentment by notice of item not payable by, through, or at bank — Liability of drawer or indorser. - § 6A-4-212. Presentment by notice of item not payable by,...

Section 6A-4-213. - Medium and time of settlement by bank. - § 6A-4-213. Medium and time of settlement by bank. (a)...

Section 6A-4-214. - Right of charge-back or refund — Liability of collecting bank — Return of item. - § 6A-4-214. Right of charge-back or refund — Liability of...

Section 6A-4-215. - Final payment of item by payor bank — When provisional debits and credits become final — When certain credits become available for withdrawal. - § 6A-4-215. Final payment of item by payor bank —...

Section 6A-4-216. - Insolvency and preference. - § 6A-4-216. Insolvency and preference. (a) If an item is...

Part 3 - Collection of Items: Payor Banks

Section 6A-4-301. - Deferred posting — Recovery of payment by return of items — Time of dishonor — Return of items by payor bank. - § 6A-4-301. Deferred posting — Recovery of payment by return...

Section 6A-4-302. - Payor bank’s responsibility for late return of item. - § 6A-4-302. Payor bank’s responsibility for late return of item....

Section 6A-4-303. - When items subject to notice, stop-payment order, legal process, or setoff — Order in which items may be charged or certified. - § 6A-4-303. When items subject to notice, stop-payment order, legal...

Part 4 - Relationship Between Payor Bank and It’s Customer

Section 6A-4-401. - When bank may charge customer’s account. - § 6A-4-401. When bank may charge customer’s account. (a) A...

Section 6A-4-402. - Bank’s liability to customer for wrongful dishonor — Time of determining insufficiency of account. - § 6A-4-402. Bank’s liability to customer for wrongful dishonor —...

Section 6A-4-403. - Customer’s right to stop payment — Burden of proof of loss. - § 6A-4-403. Customer’s right to stop payment — Burden of...

Section 6A-4-404. - Bank not obliged to pay check more than six months old. - § 6A-4-404. Bank not obliged to pay check more than...

Section 6A-4-405. - Death or incompetence of customer. - § 6A-4-405. Death or incompetence of customer. (a) A payor...

Section 6A-4-406. - Customer’s duty to discover and report unauthorized signature or alteration. - § 6A-4-406. Customer’s duty to discover and report unauthorized signature...

Section 6A-4-407. - Payor bank’s right to subrogation on improper payment. - § 6A-4-407. Payor bank’s right to subrogation on improper payment....

Part 5 - Collection of Documentary Drafts

Section 6A-4-501. - Handling of documentary drafts — Duty to send for presentment and to notify customer of dishonor. - § 6A-4-501. Handling of documentary drafts — Duty to send...

Section 6A-4-502. - Presentment of “on arrival” drafts. - § 6A-4-502. Presentment of “on arrival” drafts. If a draft...

Section 6A-4-503. - Responsibility of presenting bank for documents and goods — Report of reasons for dishonor — Referee in case of need. - § 6A-4-503. Responsibility of presenting bank for documents and goods...

Section 6A-4-504. - Privilege of presenting bank to deal with goods — Security interest for expenses. - § 6A-4-504. Privilege of presenting bank to deal with goods...

Section 6A-4-505. - Official Comments. - § 6A-4-505. Official Comments. It is the intention of the...

Chapter 6A-4.1 - Funds Transfers

Part 1 - Subject Matter and Definitions

Section 6A-4.1-101. - Short title. - § 6A-4.1-101. Short title. This chapter may be cited as...

Section 6A-4.1-102. - Subject matter. - § 6A-4.1-102. Subject matter. Except as otherwise provided in §...

Section 6A-4.1-103. - Payment order — Definitions. - § 6A-4.1-103. Payment order — Definitions. (a) In this chapter:...

Section 6A-4.1-104. - Funds transfer — Definitions. - § 6A-4.1-104. Funds transfer — Definitions. In this chapter: (a)...

Section 6A-4.1-105. - Other definitions. - § 6A-4.1-105. Other definitions. (a) In this chapter: (1) “Authorized...

Section 6A-4.1-106. - Time payment order is received. - § 6A-4.1-106. Time payment order is received. (a) The time...

Section 6A-4.1-107. - Federal reserve regulations and operating circulars. - § 6A-4.1-107. Federal reserve regulations and operating circulars. Regulations of...

Section 6A-4.1-108. - Exclusion of consumer transactions governed by federal law. - § 6A-4.1-108. Exclusion of consumer transactions governed by federal law....

Part 2 - Issue and Acceptance of Payment Order

Section 6A-4.1-201. - Security procedure. - § 6A-4.1-201. Security procedure. “Security procedure” means a procedure established...

Section 6A-4.1-202. - Authorized and verified payment orders. - § 6A-4.1-202. Authorized and verified payment orders. (a) A payment...

Section 6A-4.1-203. - Unenforceability of certain verified payment orders. - § 6A-4.1-203. Unenforceability of certain verified payment orders. (a) If...

Section 6A-4.1-204. - Refund of payment and duty of customer to report with respect to unauthorized payment order. - § 6A-4.1-204. Refund of payment and duty of customer to...

Section 6A-4.1-205. - Erroneous payment orders. - § 6A-4.1-205. Erroneous payment orders. (a) If an accepted payment...

Section 6A-4.1-206. - Transmission of payment order through funds — Transfer or other communication system. - § 6A-4.1-206. Transmission of payment order through funds — Transfer...

Section 6A-4.1-207. - Misdescription of beneficiary. - § 6A-4.1-207. Misdescription of beneficiary. (a) Subject to subsection (b),...

Section 6A-4.1-208. - Misdescription of intermediary bank or beneficiary’s bank. - § 6A-4.1-208. Misdescription of intermediary bank or beneficiary’s bank. (a)...

Section 6A-4.1-209. - Acceptance of payment order. - § 6A-4.1-209. Acceptance of payment order. (a) Subject to subsection...

Section 6A-4.1-210. - Rejection of payment order. - § 6A-4.1-210. Rejection of payment order. (a) A payment order...

Section 6A-4.1-211. - Cancellation and amendment of payment order. - § 6A-4.1-211. Cancellation and amendment of payment order. (a) A...

Section 6A-4.1-212. - Liability and duty of receiving bank regarding unaccepted payment order. - § 6A-4.1-212. Liability and duty of receiving bank regarding unaccepted...

Part 3 - Execution of Sender’s Payment Order by Receiving Bank

Section 6A-4.1-301. - Execution and execution date. - § 6A-4.1-301. Execution and execution date. (a) A payment order...

Section 6A-4.1-302. - Obligations of receiving bank in execution of payment order. - § 6A-4.1-302. Obligations of receiving bank in execution of payment...

Section 6A-4.1-303. - Erroneous execution of payment order. - § 6A-4.1-303. Erroneous execution of payment order. (a) A receiving...

Section 6A-4.1-304. - Duty of sender to report erroneously executed payment order. - § 6A-4.1-304. Duty of sender to report erroneously executed payment...

Section 6A-4.1-305. - Liability for late or improper execution or failure to execute payment order. - § 6A-4.1-305. Liability for late or improper execution or failure...

Part 4 - Payment

Section 6A-4.1-401. - Payment date. - § 6A-4.1-401. Payment date. “Payment date” of a payment order...

Section 6A-4.1-402. - Obligation of sender to pay receiving bank. - § 6A-4.1-402. Obligation of sender to pay receiving bank. (a)...

Section 6A-4.1-403. - Payment by sender to receiving bank. - § 6A-4.1-403. Payment by sender to receiving bank. (a) Payment...

Section 6A-4.1-404. - Obligation of beneficiary’s bank to pay and give notice to beneficiary. - § 6A-4.1-404. Obligation of beneficiary’s bank to pay and give...

Section 6A-4.1-405. - Payment by beneficiary’s bank to beneficiary. - § 6A-4.1-405. Payment by beneficiary’s bank to beneficiary. (a) If...

Section 6A-4.1-406. - Payment by originator to beneficiary — Discharge of underlying obligation. - § 6A-4.1-406. Payment by originator to beneficiary — Discharge of...

Part 5 - Miscellaneous Provisions

Section 6A-4.1-501. - Variation by agreement and effect of funds transfer system rule. - § 6A-4.1-501. Variation by agreement and effect of funds transfer...

Section 6A-4.1-502. - Creditor process served on receiving bank — Set off by beneficiary’s bank. - § 6A-4.1-502. Creditor process served on receiving bank — Set...

Section 6A-4.1-503. - Injunction or restraining order with respect to funds transfer. - § 6A-4.1-503. Injunction or restraining order with respect to funds...

Section 6A-4.1-504. - Order in which items and payment orders may be charged to account — Order of withdrawals from account. - § 6A-4.1-504. Order in which items and payment orders may...

Section 6A-4.1-505. - Preclusion of objection to debit of customer’s account. - § 6A-4.1-505. Preclusion of objection to debit of customer’s account....

Section 6A-4.1-506. - Rate of interest. - § 6A-4.1-506. Rate of interest. (a) If, under this chapter,...

Section 6A-4.1-507. - Choice of law. - § 6A-4.1-507. Choice of law. (a) The following rules apply...

Chapter 6A-5 - Letters of Credit

Section 6A-5-101. - Short title. - § 6A-5-101. Short title. This chapter may be cited as...

Section 6A-5-102. - Definitions. - § 6A-5-102. Definitions. (a) In this chapter: (1) “Adviser” means...

Section 6A-5-103. - Scope. - § 6A-5-103. Scope. (a) This chapter applies to letters of...

Section 6A-5-104. - Formal requirements. - § 6A-5-104. Formal requirements. A letter of credit, confirmation, advice,...

Section 6A-5-105. - Consideration. - § 6A-5-105. Consideration. Consideration is not required to issue, amend,...

Section 6A-5-106. - Issuance, amendment, cancellation, and duration. - § 6A-5-106. Issuance, amendment, cancellation, and duration. (a) A letter...

Section 6A-5-107. - Confirmer, nominated person, and adviser. - § 6A-5-107. Confirmer, nominated person, and adviser. (a) A confirmer...

Section 6A-5-108. - Issuer’s rights and obligations. - § 6A-5-108. Issuer’s rights and obligations. (a) Except as otherwise...

Section 6A-5-109. - Fraud and forgery. - § 6A-5-109. Fraud and forgery. (a) If a presentation is...

Section 6A-5-110. - Warranties. - § 6A-5-110. Warranties. (a) If its presentation is honored, the...

Section 6A-5-111. - Remedies. - § 6A-5-111. Remedies. (a) If an issuer wrongfully dishonors or...

Section 6A-5-112. - Transfer of letter of credit. - § 6A-5-112. Transfer of letter of credit. (a) Except as...

Section 6A-5-113. - Transfer by operation of law. - § 6A-5-113. Transfer by operation of law. (a) A successor...

Section 6A-5-114. - Assignment of proceeds. - § 6A-5-114. Assignment of proceeds. (a) In this section, “proceeds...

Section 6A-5-115. - Statute of limitations. - § 6A-5-115. Statute of limitations. An action to enforce a...

Section 6A-5-116. - Choice of law and forum. - § 6A-5-116. Choice of law and forum. (a) The liability...

Section 6A-5-117. - Subrogation of issuer, applicant, and nominated person. - § 6A-5-117. Subrogation of issuer, applicant, and nominated person. (a)...

Section 6A-5-118. - Security interest of issuer or nominated person. - § 6A-5-118. Security interest of issuer or nominated person. (a)...

Section 6A-5-119. - Transition. - § 6A-5-119. Transition. This chapter shall take effect on July...

Section 6A-5-120. - Official comments. - § 6A-5-120. Official comments. It is the intention of the...

Chapter 6A-6 - Bulk Transfers [Repealed.]

Section 6A-6-101 - — 6A-6-110. Repealed. - § 6A-6-101 — 6A-6-110. Repealed.

Chapter 6A-7 - Documents of Title

Part 1 - In General

Section 6A-7-101. - Short title. - § 6A-7-101. Short title. This chapter may be cited as...

Section 6A-7-102. - Definitions and index of definitions. - § 6A-7-102. Definitions and index of definitions. (a) In this...

Section 6A-7-103. - Relation of chapter to treaty or statute. - § 6A-7-103. Relation of chapter to treaty or statute. (a)...

Section 6A-7-104. - Negotiable and nonnegotiable document of title. - § 6A-7-104. Negotiable and nonnegotiable document of title. (a) Except...

Section 6A-7-105. - Reissuance in alternative medium. - § 6A-7-105. Reissuance in alternative medium. (a) Upon request of...

Section 6A-7-106. - Control of electronic document of title. - § 6A-7-106. Control of electronic document of title. (a) A...

Part 2 - Warehouse Receipts: Special Provisions

Section 6A-7-201. - Person that may issue a warehouse receipt — Storage under bond. - § 6A-7-201. Person that may issue a warehouse receipt —...

Section 6A-7-202. - Form of warehouse receipt — Effect of omission. - § 6A-7-202. Form of warehouse receipt — Effect of omission....

Section 6A-7-203. - Liability for nonreceipt or misdescription. - § 6A-7-203. Liability for nonreceipt or misdescription. A party to...

Section 6A-7-204. - Duty of care — Contractual limitation of warehouse’s liability. - § 6A-7-204. Duty of care — Contractual limitation of warehouse’s...

Section 6A-7-205. - Title under warehouse receipt defeated in certain cases. - § 6A-7-205. Title under warehouse receipt defeated in certain cases....

Section 6A-7-206. - Termination of storage at warehouse’s option. - § 6A-7-206. Termination of storage at warehouse’s option. (a) A...

Section 6A-7-207. - Goods must be kept separate — Fungible goods. - § 6A-7-207. Goods must be kept separate — Fungible goods....

Section 6A-7-208. - Altered warehouse receipts. - § 6A-7-208. Altered warehouse receipts. If a blank in a...

Section 6A-7-209. - Lien of warehouse. - § 6A-7-209. Lien of warehouse. (a) A warehouse has a...

Section 6A-7-210. - Enforcement of warehouse’s liens. - § 6A-7-210. Enforcement of warehouse’s liens. (a) Except as otherwise...

Part 3 - Bills of Lading: Special Provisions

Section 6A-7-301. - Liability for nonreceipt or misdescription — “Said to contain” — “Shipper’s weight, load and count” — Improper handling. - § 6A-7-301. Liability for nonreceipt or misdescription — “Said to...

Section 6A-7-302. - Through bills of lading and similar documents of title. - § 6A-7-302. Through bills of lading and similar documents of...

Section 6A-7-303. - Diversion — Reconsignment — Change of instructions. - § 6A-7-303. Diversion — Reconsignment — Change of instructions. (a)...

Section 6A-7-304. - Tangible bills of lading in a set. - § 6A-7-304. Tangible bills of lading in a set. (a)...

Section 6A-7-305. - Destination of bills. - § 6A-7-305. Destination of bills. (a) Instead of issuing a...

Section 6A-7-306. - Altered bills of lading. - § 6A-7-306. Altered bills of lading. An unauthorized alteration or...

Section 6A-7-307. - Lien of carrier. - § 6A-7-307. Lien of carrier. (a) A carrier has a...

Section 6A-7-308. - Enforcement of carrier’s lien. - § 6A-7-308. Enforcement of carrier’s lien. (a) A carrier’s lien...

Section 6A-7-309. - Duty of care — Contractual limitation of carrier’s liability. - § 6A-7-309. Duty of care — Contractual limitation of carrier’s...

Part 4 - Warehouse Receipts and Bills of Lading: General Obligations

Section 6A-7-401. - Irregularities in issue of receipt or bill or conduct of issuer. - § 6A-7-401. Irregularities in issue of receipt or bill or...

Section 6A-7-402. - Duplicate document of title — Overissue. - § 6A-7-402. Duplicate document of title — Overissue. A duplicate...

Section 6A-7-403. - Obligation of bailee to deliver — Excuse. - § 6A-7-403. Obligation of bailee to deliver — Excuse. (a)...

Section 6A-7-404. - No liability for good-faith delivery pursuant to document of title. - § 6A-7-404. No liability for good-faith delivery pursuant to document...

Part 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer

Section 6A-7-501. - Form of negotiation and requirements of due negotiation. - § 6A-7-501. Form of negotiation and requirements of due negotiation....

Section 6A-7-502. - Rights acquired by due negotiation. - § 6A-7-502. Rights acquired by due negotiation. (a) Subject to...

Section 6A-7-503. - Document of title to goods defeated in certain cases. - § 6A-7-503. Document of title to goods defeated in certain...

Section 6A-7-504. - Rights acquired in absence of due negotiation — Effect of diversion — Stoppage of delivery. - § 6A-7-504. Rights acquired in absence of due negotiation —...

Section 6A-7-505. - Indorser not guarantor for other parties. - § 6A-7-505. Indorser not guarantor for other parties. The indorsement...

Section 6A-7-506. - Delivery without indorsement — Right to compel indorsement. - § 6A-7-506. Delivery without indorsement — Right to compel indorsement....

Section 6A-7-507. - Warranties on negotiation or delivery of document of title. - § 6A-7-507. Warranties on negotiation or delivery of document of...

Section 6A-7-508. - Warranties of collecting bank as to documents of title. - § 6A-7-508. Warranties of collecting bank as to documents of...

Section 6A-7-509. - Adequate compliance with commercial contract. - § 6A-7-509. Adequate compliance with commercial contract. Whether a document...

Part 6 - Warehouse Receipts and Bills of Lading: Miscellaneous Provisions

Section 6A-7-601. - Lost, stolen or destroyed documents of title. - § 6A-7-601. Lost, stolen or destroyed documents of title. (a)...

Section 6A-7-602. - Judicial process against goods covered by negotiable document of title. - § 6A-7-602. Judicial process against goods covered by negotiable document...

Section 6A-7-603. - Conflicting claims — Interpleader. - § 6A-7-603. Conflicting claims — Interpleader. If more than one...

Part 7 - Miscellaneous Provisions

Section 6A-7-701. - Effective date. - § 6A-7-701. Effective date. This chapter shall take effect on...

Section 6A-7-702. - [Reserved.] - § 6A-7-702. [Reserved.] History of Section.P.L. 2006, ch. 112, §...

Section 6A-7-703. - Applicability. - § 6A-7-703. Applicability. This chapter applies to a document of...

Section 6A-7-704. - Savings clause. - § 6A-7-704. Savings clause. A document of title issued or...

Section 6A-7-705. - Official comments. - § 6A-7-705. Official comments. It is the intention of the...

Chapter 6A-8 - Investment Securities

Part 1 - Short Title and General Matters

Section 6A-8-101. - Short title. - § 6A-8-101. Short title. This chapter may be cited as...

Section 6A-8-102. - Definitions. - § 6A-8-102. Definitions. (a) In this chapter: (1) “Adverse claim”...

Section 6A-8-103. - Rules for determining whether certain obligations and interests are securities or financial assets. - § 6A-8-103. Rules for determining whether certain obligations and interests...

Section 6A-8-104. - Acquisition of security or financial asset or interest therein. - § 6A-8-104. Acquisition of security or financial asset or interest...

Section 6A-8-105. - Notice of adverse claim. - § 6A-8-105. Notice of adverse claim. (a) A person has...

Section 6A-8-106. - Control. - § 6A-8-106. Control. (a) A purchaser has “control” of a...

Section 6A-8-107. - Whether indorsement, instruction, or entitlement order is effective. - § 6A-8-107. Whether indorsement, instruction, or entitlement order is effective....

Section 6A-8-108. - Warranties in direct holding. - § 6A-8-108. Warranties in direct holding. (a) A person who...

Section 6A-8-109. - Warranties in indirect holding. - § 6A-8-109. Warranties in indirect holding. (a) A person who...

Section 6A-8-110. - Applicability — Choice of law. - § 6A-8-110. Applicability — Choice of law. (a) The local...

Section 6A-8-111. - Clearing corporation rules. - § 6A-8-111. Clearing corporation rules. A rule adopted by a...

Section 6A-8-112. - Creditor’s legal process. - § 6A-8-112. Creditor’s legal process. (a) The interest of a...

Section 6A-8-113. - Statute of frauds inapplicable. - § 6A-8-113. Statute of frauds inapplicable. A contract or modification...

Section 6A-8-114. - Evidentiary rules concerning certificated securities. - § 6A-8-114. Evidentiary rules concerning certificated securities. The following rules...

Section 6A-8-115. - Securities intermediary and others not liable to adverse claimant. - § 6A-8-115. Securities intermediary and others not liable to adverse...

Section 6A-8-116. - Securities intermediary as purchaser for value. - § 6A-8-116. Securities intermediary as purchaser for value. A securities...

Part 2 - Issue and Issuer

Section 6A-8-201. - Issuer. - § 6A-8-201. Issuer. (a) With respect to an obligation on...

Section 6A-8-202. - Issuer’s responsibility and defenses — Notice of defect or defense. - § 6A-8-202. Issuer’s responsibility and defenses — Notice of defect...

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Rhode Island General Laws Title 6A - Uniform Commercial Code

Rhode Island General Laws
Title 6A - Uniform Commercial Code