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Ohio Rev. Code Ann. § 1301.305

Remedies to be liberally administered - UCC 1-305

Known as the Uniform Commercial Code

The act spans §§ 1301–1301 (26 sections).

Effective: June 29, 2011; Latest Legislation: House Bill 9 - 129th General Assembly

Remedies to be liberally administered [UCC 1-305]

(A) The remedies provided by Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code 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 those chapters or by other rule of law.

(B) Any right or obligation declared by Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code is enforceable by action unless the provision declaring it specifies a different and limited effect.

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.