Section 1-205 – Reasonable Time; Seasonableness
(a) Whether a time for taking an action required by the Maryland Uniform Commercial Code is reasonable depends on the nature, purpose, and circumstances of the action. (b) An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.
Section 1-206 – Presumptions
Whenever the Maryland Uniform Commercial Code creates a “presumption” with respect to a fact or provides that a fact is “presumed” the trier of fact must find the existence of the fact unless and until evidence is introduced that supports a finding of its nonexistence.
Section 1-301 – Territorial Applicability; Parties’ Power to Choose Applicable Law
(a) Except as otherwise provided in this section, when a transaction bears a reasonable relation to this State and also to another state or nation, the parties may agree that the law either of this State or of such other state or nation shall govern their rights and duties. (b) In the absence of an agreement effective […]
Section 1-101 – Short Titles
(a) Titles 1 through 10 of this article may be cited as the Maryland Uniform Commercial Code. (b) This title may be cited as Maryland Uniform Commercial Code – General Provisions.