Code of Virginia - Title 8.1A Uniform Commercial Code - General Provisions - Part 3 Territorial Applicability And General Rules

• 8.1A-301 Territorial applicability; parties' power to choose applicable law
  (a) This section applies to a transaction to the extent that it is governed by another title of the Uniform Commercial Code. (b) Except as ...
• 8.1A-302 Variation by agreement
  (a) Except as otherwise provided in subsection (b) or elsewhere in the Uniform Commercial Code, the effect of provisions of the Uniform Commercial Code may ...
• 8.1A-303 Course of performance, course of dealing, and usage of trade
  (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 ...
• 8.1A-304 Obligation of good faith
  Every contract or duty within the Uniform Commercial Code imposes an obligation of good faith in its performance and enforcement. (1964, c. 219, § 8.1-203; ...
• 8.1A-305 Remedies to be liberally administered
  (a) The remedies provided by the Uniform Commercial Code shall be liberally administered to the end that the aggrieved party may be put in as ...
• 8.1A-306 Waiver or renunciation of claim or right after breach
  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 ...
• 8.1A-307 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 invoice, or ...
• 8.1A-308 Performance or acceptance under reservation of rights
  (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 ...
• 8.1A-309 Option to accelerate at will
  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" ...
• 8.1A-310 Subordinated obligations
  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 ...

Last modified: April 3, 2009