2025 Session
Last amended: 2004 session
§ 336.1-305 — Remedies to Be Liberally Administered
Plain-Language Summary
UCC remedies should be applied generously so the injured party ends up in the same position as if the contract had been performed. However, punitive damages are not allowed unless specifically provided.
336.1-305 REMEDIES TO BE LIBERALLY ADMINISTERED.
(a) The remedies provided by the Uniform Commercial Code 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 the Uniform Commercial Code or by other rule of law.
(b) Any right or obligation declared by the Uniform Commercial Code is enforceable by action unless the provision declaring it specifies a different and limited effect.
History:
History: History:
2004 c 162 art 1 s 20
Practical Notes
If someone breaks a UCC deal, the goal is to make you whole financially, but you generally cannot get punitive damages.