North Dakota § 41-01-03 (1-103) Construction of title to promote the title's purposes and policies - Applicability of supplemental principles of law

North Dakota Statutes

§ 41-01-03 — (1-103) Construction of title to promote the title's purposes and policies - Applicability of supplemental principles of law

North Dakota § 41-01-03

Title 41Uniform Commercial Code

Ch. 41-01General Provisions

This text of North Dakota § 41-01-03 ((1-103) Construction of title to promote the title's purposes and policies - Applicability of supplemental principles of law) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-01-03 (2026).

Text

Applicability of supplemental principles of law.

1.This title must be liberally construed and applied to promote the title's underlying purposes and policies, which are:

a.To simplify, clarify, and modernize the law governing commercial transactions;

b.To permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and

c.To make uniform the law among the various jurisdictions.

2.Unless displaced by the particular provisions of this title, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement this title.

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Applicability of supplemental principles of law.
1. This title must be liberally construed and applied to promote the title's underlying
purposes and policies, which are:
a. To simplify, clarify, and modernize the law governing commercial transactions;
b. To permit the continued expansion of commercial practices through custom,
usage, and agreement of the parties; and
c. To make uniform the law among the various jurisdictions.
2. Unless displaced by the particular provisions of this title, the principles of law and
equity, including the law merchant and the law relative to capacity to contract, principal
and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy,
and other validating or invalidating cause supplement this title.