New York Uniform Commercial Code Law Section 2-303 - Allocation Or Division Of Risks.

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  Section 2-303. Allocation or Division of Risks.
    Where this Article 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.

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Last modified: August 15, 2006