South Dakota § 57A-1-103 Construction of title to promote its purposes and policies--Applicability of supplemental principles of law.

South Dakota Statutes

§ 57A-1-103 — Construction of title to promote its purposes and policies--Applicability of supplemental principles of law.

South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A-1 GENERAL PROVISIONS

(a)This title shall be liberally construed and applied to promote its underlying purposes and policies, which are:

(1)To simplify, clarify, and modernize the law governing commercial transactions;

(2)To permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and (3) To make uniform the law among the various jurisdictions.

(b)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 its provisions.

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(a) This title shall be liberally construed and applied to promote its underlying purposes and policies, which are: (1) To simplify, clarify, and modernize the law governing commercial transactions; (2) To permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and (3) To make uniform the law among the various jurisdictions. (b) 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 its provisions.

South Dakota § 57A-1-103 (Construction of title to promote its purposes and policies--Applicability of supplemental principles of law.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.