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§ 1103. Construction of title to promote its purposes and policies; applicability of supplement...

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial CodeEffective: June 16, 2008

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 1. General Provisions (Refs & Annos)
Chapter 11. General Provisions (Refs & Annos)
Effective: June 16, 2008
13 Pa.C.S.A. § 1103
§ 1103. Construction of title to promote its purposes and policies; applicability of supplemental principles of law
Currentness
(a) Liberal construction.--This title 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.
(b) Law and equity.--Unless displaced by the particular provisions of this title, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy and other validating or invalidating cause, supplement its provisions.

Credits

2008, April 16, P.L. 57, No. 13, § 1.1, effective in 60 days [June 16, 2008].
13 Pa.C.S.A. § 1103, PA ST 13 Pa.C.S.A. § 1103
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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