S.C. Code Ann. § 36-1-103

Construction of Uniform Commercial Code to promote its purposes and policies; supplementary general principles of law applicable

Known as the Uniform Commercial Code

The act spans §§ 36–36 (519 sections).

Applied in 3 court decisions — leading case Hitachi Electronic Devices (USA), Inc. v. Platinum Technologies, Inc. (2005)

Most recently applied in 53 F. Supp. 3d 810 - Atlantic Energy Group, Ltd. v. Northeast Direct Corp. (September 2014)

1962 Code SECTION 10.1-102; 1962 Code SECTION 10.1-103; 1966 (54) 2716; former 1976 Code SECTION 36-1-102; 2014 Act No. 213 (S.343), SECTION 1, eff October 1, 2014.

(a) This title 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 of commercial practices through custom, usage, and agreement of the parties;

(3) to make uniform the law among the various jurisdictions.

(b) Unless displaced by the particular provisions of this title, 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.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.