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California Commercial Code Section 1103

Legal Research Home > California Lawyer > Commercial Code > California Commercial Code Section 1103

(a) This code shall 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) Unless displaced by the particular provisions of this code,
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.

Last modified: January 12, 2009