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Texas Business & Commerce Code

§ 1.305 — REMEDIES TO BE LIBERALLY ADMINISTERED

BC § 1.305Title 1. UNIFORM COMMERCIAL CODE · Ch. 1. GENERAL PROVISIONS · Art. C. TERRITORIAL APPLICABILITY AND GENERAL RULES

Statute text

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(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 position as if the other party had fully performed but neither consequential or special damages nor penal damages may be had except as specifically provided in this title or by other rule of law.
(b)Any right or obligation declared by this title is enforceable by action unless the provision declaring it specifies a different and limited effect.

Legislative history

Added by Acts 2003, 78th Leg., ch. 542, Sec. 1, eff. Sept. 1, 2003.

Source: Texas Business & Commerce Code § 1.305 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.