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Rumor Mill News Reading Room Archive

UCC 1-207 (UCC 1-308) and UCC 1-103

Posted By: hobie
Date: Thursday, 29-Nov-2007 02:21:14

In Response To: Reader: UCC / SEEKING SPIRITUAL SUPPORT / ENGINE THAT RUNS ON AIR (hobie)

Hi, Folks -

Amplifying a bit on Adrian's email at the top of this thread, here's UCC 1-207 as found here:

http://www.law.cornell.edu/ucc/1/1-207.html

1-207. Performance or Acceptance Under Reservation of Rights.

(1) A party who with explicit reservation of rights performs or promises performance or assents to performance in a manner demanded or offered by the other party does not thereby prejudice the rights reserved. Such words as "without prejudice", "under protest" or the like are sufficient.

(2) Subsection (1) does not apply to an accord and satisfaction.

[Note: As amended in 1990.]

And here's UCC 1-103, found here:

http://www.law.cornell.edu/ucc/1/1-103.html

1-103. Supplementary General Principles of Law Applicable.

Unless displaced by the particular provisions of this Act, 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, or other validating or invalidating cause shall supplement its provisions.

UCC 1-308 was or is identical to UCC 1-207; looks like the section was renumbered at some point. Here's UCC 1-308 as found within its Article of some particular date not mentioned on the page, found here:

http://www.law.cornell.edu/ucc/1/article1.htm

1-308. 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 other party does not thereby prejudice the rights reserved. Such words as "without prejudice," "under protest," or the like are sufficient.

(b) Subsection (a) does not apply to an accord and satisfaction.

Above quotes from the UCC are under copyright as follows:

Copyright 2005 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.


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Articles In This Thread

Reader: UCC / SEEKING SPIRITUAL SUPPORT / ENGINE THAT RUNS ON AIR
hobie -- Wednesday, 28-Nov-2007 17:30:37
Reader: UCC / "FIRST CHECK THE BALANCE SHEET"
hobie -- Wednesday, 28-Nov-2007 23:34:05
"HOW I CLOBBERED EVERY BUREAUCRATIC CASH-CONFISCATORY AGENCY KNOWN TO MAN"
hobie -- Thursday, 29-Nov-2007 03:59:08
UCC 1-207 (UCC 1-308) and UCC 1-103
hobie -- Thursday, 29-Nov-2007 02:21:14


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AN EXPLANATION OF THE FACTIONS