84-1-103 Construction of uniform commercial code to promote its purposes and policies; applicability of supplemental principles of law.

84-1-103. Construction of uniform commercial code to promote its purposes and policies; applicability of supplemental principles of law. (a) The uniform commercial code must 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 […]