Indiana § 26-1-1-106 Remedies to be liberally administered

Indiana Statutes

§ 26-1-1-106 — Remedies to be liberally administered

Indiana § 26-1-1-106

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 1General Provisions

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Bluebook

Ind. Code § 26-1-1-106 (2026).

Text

(1)The remedies provided by IC 26-1 shall be liberally administered to the end that the aggrieved party may be put in as good a position as if the other party had fully performed, but neither consequential or special nor penal damages may be had except as specifically provided in IC 26-1 or by other rule of law.

(2)Any right or obligation declared by IC 26-1 is enforceable by action unless the provision declaring it specifies a different and limited effect. Formerly: Acts 1963, c.317, s.1-106. As amended by P.L.152-1986, SEC.114.

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(1) The remedies provided by IC 26-1 shall
be liberally administered to the end that the aggrieved party may be put
in as good a position as if the other party had fully performed, but
neither consequential or special nor penal damages may be had except
as specifically provided in IC 26-1 or by other rule of law.
(2) Any right or obligation declared by IC 26-1 is enforceable by
action unless the provision declaring it specifies a different and limited
effect.
Formerly: Acts 1963, c.317, s.1-106. As amended by
P.L.152-1986, SEC.114.