Construction of Uniform Commercial Code to Promote its Purposes - TopicsExpress

Construction of Uniform Commercial Code to Promote its Purposes and Policies: Applicability of Supplemental Principles of Law. The Uniform Commercial Code must be liberally construed and applied to promote its underlying purposes and policies, which are: (1) to simplify, clarify, and modernize the law governing commercial transactions; (2) to permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and (3) to make uniform the law among the various jurisdictions.

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