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New Jersey Commercial Transactions Laws Section 12A:2-303. Allocation or division of risks.

Legal Research Home > New Jersey Lawyer > Commercial Transactions > New Jersey Commercial Transactions Laws Section 12A:2-303. Allocation or division of risks.

    Where this Chapter allocates a risk or a burden as between the parties "unless otherwise agreed" , the agreement may not only shift the allocation but may also divide the risk or burden.

     L.1961, c. 120, s. 2-303.

Last modified: October 21, 2006