Uniform Commercial Code

Arizona · Uniform Commercial Code · §§ 47-3101 to 47-5118 · 86 sections

Overview

The Uniform Commercial Code governs commercial transactions, with the provisions here covering the sale of goods and the treatment of certain electronic records that function as payment or account rights. For sales, it supplies default rules that fill gaps in contracts — price, delivery, timing, and payment terms — alongside requirements for contract formation and modification, a statute of frauds, limits on the use of extrinsic evidence, and rules on when acceptance with added terms creates a binding agreement. It also establishes warranties that attach to a sale, including title, express warranties created by description or sample, and implied warranties of merchantability and fitness for a particular purpose, and it empowers courts to refuse enforcement of unconscionable terms.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

In the courts

Sections of this act have been cited in 22 court decisions.

Most-cited authority: 300 F.3d 1097 - In Re: Cynthia Cohen

Sections covered

A.R.S. § 47-3101Short title
A.R.S. § 47-3102Subject matter
A.R.S. § 47-3103Definitions
A.R.S. § 47-3104Negotiable instrument4 cites
A.R.S. § 47-3105Issue of instrument
A.R.S. § 47-3106Unconditional promise or order
A.R.S. § 47-3107Instrument payable in foreign money
A.R.S. § 47-3108Payable on demand or at definite time
A.R.S. § 47-3109Payable to bearer or to order
A.R.S. § 47-3110Identification of person to whom instrument is payable
A.R.S. § 47-3111Place of payment
A.R.S. § 47-3112Interest
A.R.S. § 47-3113Date of instrument
A.R.S. § 47-3114Contradictory terms of instrument
A.R.S. § 47-3115Incomplete instrument
A.R.S. § 47-3116Joint and several liability; contribution
A.R.S. § 47-3117Other agreements affecting instrument
A.R.S. § 47-3118Statute of limitations
A.R.S. § 47-3119Notice of right to defend action
A.R.S. § 47-3201Negotiation
A.R.S. § 47-3202Negotiation subject to rescission
A.R.S. § 47-3203Transfer of instrument; rights acquired by transfer2 cites
A.R.S. § 47-3204Indorsement1 cite
A.R.S. § 47-3205Special indorsement; blank indorsement; anomalous indorsement
A.R.S. § 47-3206Restrictive indorsement1 cite
A.R.S. § 47-3207Reacquisition
A.R.S. § 47-3301Person entitled to enforce instrument7 cites
A.R.S. § 47-3302Holder in due course2 cites
A.R.S. § 47-3303Value and consideration
A.R.S. § 47-3304Overdue instrument
A.R.S. § 47-3305Defenses and claims in recoupment1 cite
A.R.S. § 47-3306Claims to an instrument
A.R.S. § 47-3307Notice of breach of fiduciary duty
A.R.S. § 47-3308Proof of signatures and status as holder in due course
A.R.S. § 47-3309Enforcement of lost, destroyed or stolen instrument1 cite
A.R.S. § 47-3310Effect of instrument on obligation for which taken
A.R.S. § 47-3311Accord and satisfaction by use of instrument
A.R.S. § 47-3312Lost, destroyed or stolen cashier's check, teller's check or certified check
A.R.S. § 47-3401Signature1 cite
A.R.S. § 47-3402Signature by representative
A.R.S. § 47-3403Unauthorized signature
A.R.S. § 47-3404Impostors; fictitious payees
A.R.S. § 47-3405Employer's responsibility for fraudulent indorsement by employee
A.R.S. § 47-3406Negligence contributing to forged signature or alteration of instrument
A.R.S. § 47-3407Alteration
A.R.S. § 47-3408Drawee not liable on unaccepted draft
A.R.S. § 47-3409Acceptance of draft; certified check
A.R.S. § 47-3410Acceptance varying draft
A.R.S. § 47-3411Refusal to pay cashier's checks, teller's checks and certified checks
A.R.S. § 47-3412Obligation of issuer of note or cashier's check
A.R.S. § 47-3413Obligation of acceptor
A.R.S. § 47-3414Obligation of drawer
A.R.S. § 47-3415Obligation of indorser
A.R.S. § 47-3416Transfer warranties
A.R.S. § 47-3417Presentment warranties
A.R.S. § 47-3418Payment or acceptance by mistake
A.R.S. § 47-3419Instruments signed for accommodation
A.R.S. § 47-3420Conversion of instrument
A.R.S. § 47-3501Presentment
A.R.S. § 47-3502Dishonor
A.R.S. § 47-3503Notice of dishonor
A.R.S. § 47-3504Excused presentment and notice of dishonor
A.R.S. § 47-3505Evidence of dishonor
A.R.S. § 47-3601Discharge and effect of discharge
A.R.S. § 47-3602Payment
A.R.S. § 47-3603Tender of payment
A.R.S. § 47-3604Discharge by cancellation or renunciation
A.R.S. § 47-3605Discharge of indorsers and accommodation parties1 cite
A.R.S. § 47-5101Short title
A.R.S. § 47-5102Definitions
A.R.S. § 47-5103Scope
A.R.S. § 47-5104Formal requirements
A.R.S. § 47-5105Consideration
A.R.S. § 47-5106Issuance; amendment; cancellation; duration
A.R.S. § 47-5107Confirmer; nominated person
A.R.S. § 47-5108Issuer's rights and obligations1 cite
A.R.S. § 47-5109Fraud and forgery
A.R.S. § 47-5110Warranties
A.R.S. § 47-5111Remedies
A.R.S. § 47-5112Transfer of letter of credit
A.R.S. § 47-5113Transfer by operation of law
A.R.S. § 47-5114Assignment of proceeds
A.R.S. § 47-5115Statute of limitations
A.R.S. § 47-5116Choice of law and forum
A.R.S. § 47-5117Subrogation of issuer, applicant and nominated person
A.R.S. § 47-5118Security interest of issuer or nominated person

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