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Texas Business & Commerce Code - Chapter 1 General ProvisionsLegal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Chapter 1 General Provisions (a) This title may be cited as the Uniform Commercial Code. (b) This chapter may be cited as Uniform Commercial Code--General Provisions. Amended by Acts ... This chapter applies to a transaction to the extent that it is governed by another chapter of this title. Amended by Acts 2003, 78th Leg., ... (a) This title must be liberally construed and applied to promote its underlying purposes and policies, which are: (1) to simplify, clarify and modernize the ... This title being a general act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly ... If any provision or clause of this title or its application to any person or circumstance is held invalid, the invalidity does not affect other ... In this title, unless the statutory context otherwise requires: (1) words in the singular number include the plural, and those in the plural include the ... Section captions are parts of this title. Amended by Acts 2003, 78th Leg., ch. 542, § 1, eff. Sept. 1, 2003. ... This title modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act (15 U.S.C. Section 7001 et seq.) but does not ... (a) Unless the context otherwise requires, words or phrases defined in this section, or in the additional definitions contained in other chapters of this title ... (a) Subject to Subsection (f), a person has "notice" of a fact if the person: (1) has actual knowledge of it; (2) has received a ... (a) Whether a transaction in the form of a lease creates a lease or security interest is determined by the facts of each case. (b) ... Except as otherwise provided in Chapters 3, 4, and 5, a person gives value for rights if the person acquires them: (1) in return for ... (a) Whether a time for taking an action required by this title is reasonable depends on the nature, purpose, and circumstances of the action. (b) ... Whenever this title creates a "presumption" with respect to a fact, or provides that a fact is "presumed," the trier of fact must find the ... (a) Except as provided hereafter in this section, when a transaction bears a reasonable relation to this state and also to another state or nation ... (a) Except as otherwise provided in Subsection (b) or elsewhere in this title, the effect of provisions of this title may be varied by agreement. ... (a) A "course of performance" is a sequence of conduct between the parties to a particular transaction that exists if: (1) the agreement of the ... Every contract or duty within this title imposes an obligation of good faith in its performance and enforcement. Added by Acts 2003, 78th Leg., ch. ... (a) The remedies provided by this title must be liberally administered to the end that the aggrieved party may be put in as good a ... A claim or right arising out of an alleged breach may be discharged in whole or in part without consideration by agreement of the aggrieved ... 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 invoice, or ... (a) A party that with explicit reservation of rights performs or promises performance or assents to performance in a manner demanded or offered by the ... A term providing that one party or that party's successor in interest may accelerate payment or performance or require collateral or additional collateral "at will" ... An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor may subordinate its right to performance ... Texas Lawyers
Last modified: August 10, 2007 |