New Jersey Commercial Transactions Laws

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• New Jersey Commercial Transactions Laws Section 12A:1-101. Short title
  This Act shall be known and may be cited as Uniform Commercial Code. L.1961, c. 120, s. 1-101. ...
• New Jersey Commercial Transactions Laws Section 12A:1-102. Purposes; rules of construction; variation by agreement
  (1) This Act shall be liberally construed and applied to promote its underlying purposes and policies. (2) Underlying purposes and policies of this Act are ( ...
• New Jersey Commercial Transactions Laws Section 12A:1-103. Supplementary general principles of law applicable
  Unless displaced by the particular provisions of this Act, the principles of law and equity, including the law merchant and the law relative to capacity ...
• New Jersey Commercial Transactions Laws Section 12A:1-104. Construction against implicit repeal
  This Act being a general act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly ...
• New Jersey Commercial Transactions Laws Section 12A:1-105. Territorial application of the act; parties' power to choose applicable law
  12A:1-105. Territorial application of the act; parties' power to choose applicable law. (1) Except as provided hereafter in this section, when a transaction ...
• New Jersey Commercial Transactions Laws Section 12A:1-106. Remedies to be liberally administered
  (1) The remedies provided by this Act shall be liberally administered to the end that the aggrieved party may be put in as good a ...
• New Jersey Commercial Transactions Laws Section 12A:1-107. Waiver or renunciation of claim or right after breach
  Any claim or right arising out of an alleged breach can be discharged in whole or in part without consideration by a written waiver or ...
• New Jersey Commercial Transactions Laws Section 12A:1-108. Severability
  If any provision or clause of this Act or application thereof to any person or circumstances is held invalid, such invalidity shall not affect other ...
• New Jersey Commercial Transactions Laws Section 12A:1-109. Section captions.
  12A:1-109. Section Captions. Section captions are part of the Uniform Commercial Code. The subsection headings in Chapter 9 on Secured Transactions (12A:9- ...
• New Jersey Commercial Transactions Laws Section 12A:1-201 General definitions.
  12A:1-201. General definitions. Subject to additional definitions contained in the subsequent chapters of the Uniform Commercial Code which are applicable to specific chapters ...
• New Jersey Commercial Transactions Laws Section 12A:1-202. Prima facie evidence by third party documents
  A document in due form purporting to be a bill of lading, policy or certificate of insurance, official weigher's or inspector's certificate, consular ...
• New Jersey Commercial Transactions Laws Section 12A:1-203. Obligation of good faith
  Every contract or duty within this Act imposes an obligation of good faith in its performance or enforcement. L.1961, c. 120, s. 1-203. ...
• New Jersey Commercial Transactions Laws Section 12A:1-204. Time; reasonable time; "seasonably"
  (1) Whenever this Act requires any action to be taken within a reasonable time, any time which is not manifestly unreasonable may be fixed by ...
• New Jersey Commercial Transactions Laws Section 12A:1-205. Course of dealing and usage of trade
  (1) A course of dealing is a sequence of previous conduct between the parties to a particular transaction which is fairly to be regarded as ...
• New Jersey Commercial Transactions Laws Section 12A:1-206 Statute of frauds for kinds of personal property not otherwise covered.
  12A:1-206. Statute of Frauds for Kinds of Personal Property Not Otherwise Covered. (1) Except in the cases described in subsection (2) a contract ...
• New Jersey Commercial Transactions Laws Section 12A:1-207. Performance or acceptance under reservation of rights
  (1) A party who, with explicit reservation of rights, performs or promises performance or assents to performance in a manner demanded or offered by the ...
• New Jersey Commercial Transactions Laws Section 12A:1-208. Option to accelerate at will
  A term providing that one party or his successor in interest may accelerate payment or performance or require collateral or additional collateral "at will& ...
• New Jersey Commercial Transactions Laws Section 12A:1-209. Subordination of obligation or right to payment of obligation by agreement; security interest not created
  An obligation may be issued as subordinated to payment of another obligation of the person obligated, or a creditor may subordinate his right to payment ...
• New Jersey Commercial Transactions Laws Section 12A:2-101. Short title
  This Chapter shall be known and may be cited as Uniform Commercial Code--Sales. L.1961, c. 120, s. 2-101. ...
• New Jersey Commercial Transactions Laws Section 12A:2-102. Scope; certain security and other transactions excluded from this chapter
  Unless the context otherwise requires, this Chapter applies to transactions in goods; it does not apply to any transaction which although in the form of ...
• New Jersey Commercial Transactions Laws Section 12A:2-103. Definitions and index of definitions
  12A:2-103. Definitions and index of definitions. (1) In this chapter unless the context otherwise requires: (a) "Buyer" means a person who ...
• New Jersey Commercial Transactions Laws Section 12A:2-104. Definitions: "merchant" ; "between merchants" ; "financing agency"
  (1) "Merchant" means a person who deals in goods of the kind or otherwise by his occupation holds himself out as having knowledge ...
• New Jersey Commercial Transactions Laws Section 12A:2-105. Definitions: transferability; "goods" ; "future" goods; "lot" ; "commercial unit"
  (1) "Goods" means all things (including specially manufactured goods) which are movable at the time of identification to the contract for sale other ...
• New Jersey Commercial Transactions Laws Section 12A:2-106. Definitions: "contract" ; "agreement" ; "contract for sale" ; "sale" ; "present sale" ; "conforming" to contract; "termination" ; "cancellation"
  (1) In this Chapter unless the context otherwise requires "contract" and "agreement" are limited to those relating to the present or ...
• New Jersey Commercial Transactions Laws Section 12A:2-107. Goods to be severed from realty: recording
  (1) A contract for the sale of minerals or the like (including oil and gas) or a structure or its materials to be removed from ...
• New Jersey Commercial Transactions Laws Section 12A:2-201. Formal requirements; statute of frauds
  (1) Except as otherwise provided in this section a contract for the sale of goods for the price of $500 or more is not enforceable ...
• New Jersey Commercial Transactions Laws Section 12A:2-202. Final written expression: parol or extrinsic evidence
  Terms with respect to which the confirmatory memoranda of the parties agree or which are otherwise set forth in a writing intended by the parties ...
• New Jersey Commercial Transactions Laws Section 12A:2-203. Seals inoperative
  The affixing of a seal to a writing evidencing a contract for sale or an offer to buy or sell goods does not constitute the ...
• New Jersey Commercial Transactions Laws Section 12A:2-204. Formation in general
  (1) A contract for sale of goods may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the ...
• New Jersey Commercial Transactions Laws Section 12A:2-205. Firm offers
  An offer by a merchant to buy or sell goods in a signed writing which by its terms gives assurance that it will be held ...
• New Jersey Commercial Transactions Laws Section 12A:2-206. Offer and acceptance in formation of contract
  (1) Unless otherwise unambiguously indicated by the language or circumstances (a) an offer to make a contract shall be construed as inviting acceptance in any ...
• New Jersey Commercial Transactions Laws Section 12A:2-207. Additional terms in acceptance or confirmation
  (1) A definite and seasonable expression of acceptance or a written confirmation which is sent within a reasonable time operates as an acceptance even though ...
• New Jersey Commercial Transactions Laws Section 12A:2-208. Course of performance or practical construction
  (1) Where the contract for sale involves repeated occasions for performance by either party with knowledge of the nature of the performance and opportunity for ...
• New Jersey Commercial Transactions Laws Section 12A:2-209. Modification, rescission and waiver
  (1) An agreement modifying a contract within this Chapter needs no consideration to be binding. (2) A signed agreement which excludes modification or rescission except ...
• New Jersey Commercial Transactions Laws Section 12A:2-210. Delegation of performance; assignment of rights
  12A:2-210. Delegation of performance; assignment of rights. (1) A party may perform his duty through a delegate unless otherwise agreed or unless the ...
• New Jersey Commercial Transactions Laws Section 12A:2-301. General obligations of parties
  The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the contract. ...
• New Jersey Commercial Transactions Laws Section 12A:2-302. Unconscionable contract or clause
  (1) If the court as a matter of law finds the contract or any clause of the contract to have been unconscionable at the time ...
• 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 ...
• New Jersey Commercial Transactions Laws Section 12A:2-304. Price payable in money, goods, realty, or otherwise
  (1) The price can be made payable in money or otherwise. If it is payable in whole or in part in goods each party is ...
• New Jersey Commercial Transactions Laws Section 12A:2-305. Open price term
  (1) The parties if they so intend can conclude a contract for sale even though the price is not settled. In such a case the ...
• New Jersey Commercial Transactions Laws Section 12A:2-306. Output, requirements and exclusive dealings
  (1) A term which measures the quantity by the output of the seller or the requirements of the buyer means such actual output or requirements ...
• New Jersey Commercial Transactions Laws Section 12A:2-307. Delivery in single lot or several lots
  Unless otherwise agreed all goods called for by a contract for sale must be tendered in a single delivery and payment is due only on ...
• New Jersey Commercial Transactions Laws Section 12A:2-308. Absence of specified place for delivery
  Unless otherwise agreed (a) the place for delivery of goods is the seller's place of business or if he has none his residence; but ( ...
• New Jersey Commercial Transactions Laws Section 12A:2-309. Absence of specific time provisions; notice of termination
  (1) The time for shipment or delivery or any other action under a contract if not provided in this Chapter or agreed upon shall be ...
• New Jersey Commercial Transactions Laws Section 12A:2-310. Open time for payment or running of credit; authority to ship under reservation
  Unless otherwise agreed (a) payment is due at the time and place at which the buyer is to receive the goods even though the place ...
• New Jersey Commercial Transactions Laws Section 12A:2-311. Options and cooperation respecting performance
  (1) An agreement for sale which is otherwise sufficiently definite (subsection (3) of 12A:2-204) to be a contract is not made invalid by ...
• New Jersey Commercial Transactions Laws Section 12A:2-312. Warranty of title and against infringement; buyer's obligation against infringement
  (1) Subject to subsection (2) there is in a contract for sale a warranty by the seller that (a) the title conveyed shall be good, ...
• New Jersey Commercial Transactions Laws Section 12A:2-313. Express warranties by affirmation, promise, description, sample
  (1) Express warranties by the seller are created as follows: (a) Any affirmation of fact or promise made by the seller to the buyer which ...
• New Jersey Commercial Transactions Laws Section 12A:2-313.1. Consumer goods product; warranties of 90 days or less; computation of time
  The warranty of any consumer goods product sold for less than $1,000.00 which is for 90 days or less shall start running on ...
• New Jersey Commercial Transactions Laws Section 12A:2-313.2. Consumer goods product; defined
  As used in this act, "consumer goods product" shall mean all goods or products sold for personal or household use, excluding those goods ...
• New Jersey Commercial Transactions Laws Section 12A:2-314. Implied warranty: merchantability; usage of trade
  (1) Unless excluded or modified (12A:2-316), a warranty that the goods shall be merchantable is implied in a contract for their sale if ...
• New Jersey Commercial Transactions Laws Section 12A:2-315. Implied warranty: fitness for particular purpose
  Where the seller at the time of contracting has reason to know any particular purpose for which the goods are required and that the buyer ...
• New Jersey Commercial Transactions Laws Section 12A:2-316. Exclusion or modification of warranties
  (1) Words or conduct relevant to the creation of an express warranty and words or conduct tending to negate or limit warranty shall be construed ...
• New Jersey Commercial Transactions Laws Section 12A:2-317. Cumulation and conflict of warranties express or implied
  Warranties whether express or implied shall be construed as consistent with each other and as cumulative, but if such construction is unreasonable the intention of ...
• New Jersey Commercial Transactions Laws Section 12A:2-318. Third party beneficiaries of warranties express or implied
  A seller's warranty whether express or implied extends to any natural person who is in the family or household of his buyer or who ...
• New Jersey Commercial Transactions Laws Section 12A:2-319. F.O.B. and F.A.S. terms
  (1) Unless otherwise agreed the term F.O.B. (which means "free on board" ) at a named place, even though used only in ...
• New Jersey Commercial Transactions Laws Section 12A:2-320. C.I.F. and C. & F. terms
  (1) The term C.I.F. means that the price includes in a lump sum the cost of the goods and the insurance and freight ...
• New Jersey Commercial Transactions Laws Section 12A:2-321. C.I.F. or C. & F.: "net landed weights" ; "payment on arrival" ; warranty of condition on arrival
  Under a contract containing a term C.I.F. or C. & F. (1) Where the price is based on or is to be adjusted ...
• New Jersey Commercial Transactions Laws Section 12A:2-322. Delivery "ex-ship"
  (1) Unless otherwise agreed a term for delivery of goods "ex-ship" (which means from the carrying vessel) or in equivalent language is ...
• New Jersey Commercial Transactions Laws Section 12A:2-323. Form of bill of lading required in overseas shipment; "overseas"
  (1) Where the contract contemplates overseas shipment and contains a term C.I.F. or C. & F. or F.O.B. vessel, the seller ...
• New Jersey Commercial Transactions Laws Section 12A:2-324. "No arrival, no sale" term
  Under a term "no arrival, no sale" or terms of like meaning, unless otherwise agreed, (a) the seller must properly ship conforming goods ...

Last modified: October 21, 2006