Chapter 71 - General Provisions for Uniform Commercial Code
- 71.1010 Short title.
This chapter and ORS chapters 72, 72A, 73, 74, 74A, 75, 77, 78 and 79 may be cited as Uniform Commercial Code. [1961 c.726 §71.1010;...
- 71.1020 Purposes; rules of construction; variation by agreement.
(1) The Uniform Commercial Code shall be liberally construed and applied to promote its underlying purposes and policies. (2) Underlying purposes and policies of the...
- 71.1030 Supplementary general principles of law applicable.
Unless displaced by the particular provisions of the Uniform Commercial Code, the principles of law and equity, including the law merchant and the law relative...
- 71.1040 Construction against implicit repeal.
The Uniform Commercial Code being a general law intended as a unified coverage of its subject matter, no part of it shall be deemed to...
- 71.1050 Territorial application of Uniform Commercial Code; parties’ power to choose applicable law.
(1) Except as provided hereafter in this section, when a transaction bears a reasonable relation to this state and also to another state or nation...
- 71.1060 Remedies to be liberally administered.
(1) The remedies provided by the Uniform Commercial Code shall be liberally administered to the end that the aggrieved party may be put in as...
- 71.1070 Waiver or renunciation of claim or right after breach.
Any claim or right arising out of an alleged breach can be discharged in whole or in part without consideration by a written waiver or...
- 71.1080 Severability.
If any provision or clause of the Uniform Commercial Code or application thereof to any person or circumstances is held invalid, such invalidity shall not...
- 71.1090 Captions.
The unit and section captions, though set forth in the Uniform Commercial Code, are not part of the statutory law of Oregon. [1961 c.726 §71.1090]...
- 71.2010 General definitions.
Subject to additional definitions contained in other sections of the Uniform Commercial Code which are applicable to a specific series of sections, and unless the...
- 71.2020 Prima facie evidence by third party documents.
A document in due form purporting to be a bill of lading, policy or certificate of insurance, official weigher’s or inspector’s certificate, consular invoice, or...
- 71.2030 Obligation of good faith.
Every contract or duty within the Uniform Commercial Code imposes an obligation of good faith in its performance or enforcement. [1961 c.726 §71.2030]
- 71.2040 Time; reasonable time; “seasonably.”
(1) Whenever the Uniform Commercial Code requires any action to be taken within a reasonable time, any time which is not manifestly unreasonable may be...
- 71.2050 Course of dealing and usage of trade.
(1) A course of dealing is a sequence of previous conduct between the parties to a particular transaction which is fairly to be regarded as...
- 71.2060 Statute of frauds for kinds of personal property not otherwise covered.
(1) Except in the cases described in subsection (2) of this section a contract for the sale of personal property is not enforceable by way...
- 71.2070 Performance or acceptance under reservation of rights; application to accord and satisfaction.
(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...
- 71.2080 Option to accelerate at will.
A term providing that one party or the successor in interest of the party may accelerate payment or performance or require collateral or additional collateral...
