Sec. 1.305. REMEDIES TO BE LIBERALLY ADMINISTERED. (a) The remedies provided by this title 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 title or by other rule of law.
(b) Any right or obligation declared by this title is enforceable by action unless the provision declaring it specifies a different and limited effect.
Added by Acts 2003, 78th Leg., ch. 542, Sec. 1, eff. Sept. 1, 2003.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 1 - General Provisions
Subchapter C. Territorial Applicability and General Rules
Section 1.301. Territorial Application of the Title; Parties' Power to Choose Applicable Law
Section 1.302. Variation by Agreement
Section 1.303. Course of Performance, Course of Dealing, and Usage of Trade
Section 1.304. Obligation of Good Faith
Section 1.305. Remedies to Be Liberally Administered
Section 1.306. Waiver of Renunciation of Claim or Right After Breach
Section 1.307. Prima Facie Evidence by Third-Party Documents
Section 1.308. Performance or Acceptance Under Reservation of Rights