N.J. Stat. § 12A:1-101
Short titles
12A:1-101. Short Titles. a. This act may be cited as the Uniform Commercial Code. b. This Chapter may be cited as the Uniform Commercial Code - General Provisions.
New Jersey Statutes Title 12A — Commercial Transactions
New Jersey · statute · N.J. Stat. tit. 12A · 648 active provisions
Provisions
N.J. Stat. § 12A:1-102
Scope of chapter
12A:1-102. Scope of Chapter. This Chapter applies to a transaction to the extent that it is governed by another Chapter of the Uniform Commercial Code.
N.J. Stat. § 12A:1-103
Construction of the Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law
12A:1-103. Construction of the Uniform Commercial Code to Promote Its Purposes and Policies; Applicability of Supplemental Principles of Law. a. The Uniform Commercial Code shall be liberally construed and applied to promote its underlying purposes and policies, which are: (1) to simplify, clarify, and modernize the la…
N.J. Stat. § 12A:1-104
Construction against implied repeal
12A:1-104. Construction Against Implied Repeal. The Uniform Commercial Code being a general act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly repealed by subsequent legislation if such construction can reasonably be avoided.
N.J. Stat. § 12A:1-105
Severability
12A:1-105. Severability. If any provision or clause of the Uniform Commercial Code or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the Uniform Commercial Code which can be given effect without the invalid provision or application, and…
N.J. Stat. § 12A:1-106
Use of singular and plural; gender
12A:1-106. Use of Singular and Plural; Gender. In the Uniform Commercial Code, unless the statutory context otherwise requires: a. Words in the singular number include the plural, and those in the plural include the singular; and b. Words of any gender also refer to any other gender.
N.J. Stat. § 12A:1-107
Section captions
12A:1-107. Section Captions. Section captions are part of the Uniform Commercial Code.
N.J. Stat. § 12A:1-108
Relation to electronic signatures in Global and National Commerce Act
12A:1-108. Relation to Electronic Signatures in Global and National Commerce Act. This Chapter modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. s.7001 et seq., except that nothing in this Chapter modifies, limits, or supersedes section 7001(c) of that act…
N.J. Stat. § 12A:1-201
General definitions
12A:1-201. General Definitions. a. Unless the context otherwise requires, words or phrases defined in this section, or in the additional definitions contained in other Chapters of the Uniform Commercial Code that apply to particular Chapters or parts thereof, have the meanings stated. b. Subject to definitions containe…
N.J. Stat. § 12A:1-202
Notice; knowledge
12A:1-202. Notice; Knowledge. a. Subject to subsection f. of this section, a person has "notice" of a fact if the person: (1) has actual knowledge of it; (2) has received a notice or notification of it; or (3) from all the facts and circumstances known to the person at the time in question, has reason to know that it e…
N.J. Stat. § 12A:1-203
Lease distinguished from security interest
12A:1-203. Lease Distinguished from Security Interest. a. Whether a transaction in the form of a lease creates a lease or security interest is determined by the facts of each case. b. A transaction in the form of a lease creates a security interest if the consideration that the lessee is to pay the lessor for the right…
N.J. Stat. § 12A:1-204
Value
12A:1-204. Value. Except as otherwise provided in Chapters 3, 4, 5, and 6, a person gives value for rights if the person acquires them: a. In return for a binding commitment to extend credit or for the extension of immediately available credit, whether or not drawn upon and whether or not a charge back is provided for…
N.J. Stat. § 12A:1-205
Reasonable time; seasonableness
12A:1-205. Reasonable Time; Seasonableness. a. Whether a time for taking an action required by the 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…
N.J. Stat. § 12A:1-206
Presumptions
12A:1-206. Presumptions. Whenever the 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.
N.J. Stat. § 12A:1-301
Territorial applicability; parties' power to choose applicable law
12A: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 that other state or nation shall…
N.J. Stat. § 12A:1-302
Variation by agreement
12A:1-302. Variation by Agreement. a. Except as otherwise provided in subsection b. of this section or elsewhere in the Uniform Commercial Code, the effect of provisions of the Uniform Commercial Code may be varied by agreement. b. The obligations of good faith, diligence, reasonableness, and care prescribed by the Uni…
N.J. Stat. § 12A:1-303
Course of performance, course of dealing, and usage of trade
12A:1-303. Course of Performance, Course of Dealing, and Usage of Trade. a. A "course of performance" is a sequence of conduct between the parties to a particular transaction that exists if: (1) the agreement of the parties with respect to the transaction involves repeated occasions for performance by a party; and (2)…
N.J. Stat. § 12A:1-304
Obligation of good faith
12A:1-304. Obligation of Good Faith. Every contract or duty within the Uniform Commercial Code imposes an obligation of good faith in its performance and enforcement.
N.J. Stat. § 12A:1-305
Remedies to be liberally administered
12A:1-305. Remedies to Be Liberally Administered. a. The remedies provided by the Uniform Commercial Code shall 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 h…
N.J. Stat. § 12A:1-306
Waiver of renunciation of claim or right after breach
12A:1-306. Waiver of Renunciation of Claim or Right After Breach. A claim or right arising out of an alleged breach may be discharged in whole or in part without consideration by agreement of the aggrieved party in an authenticated record.
N.J. Stat. § 12A:1-307
Prima facie evidence by third party documents
12A:1-307. Prima Facie Evidence by Third Party Documents. A document in due form purporting to be a bill of lading, policy or certificate of insurance, official weigher's or inspector's certificate, consular invoice, or any other document authorized or required by the contract to be issued by a third party is prima fac…
N.J. Stat. § 12A:1-308
Performance or acceptance under reservation of rights
12A:1-308. Performance or Acceptance Under Reservation of Rights. a. A party that with explicit reservation of rights performs or promises performance or assents to performance in a manner demanded or offered by the other party does not thereby prejudice the rights reserved. Such words as "without prejudice," "under pr…
N.J. Stat. § 12A:2-101
Short title
This Chapter shall be known and may be cited as Uniform Commercial Code--Sales.
N.J. Stat. § 12A:2-102
Scope; certain security and other transactions excluded from this chapter
Unless the context otherwise requires, this Chapter applies to transactions in goods; it does not apply to any transaction which although in the form of an unconditional contract to sell or present sale is intended to operate only as a security transaction nor does this Chapter impair or repeal any statute regulating s…
N.J. Stat. § 12A:2-103
Definitions and index of definitions
12A:2-103. Definitions and index of definitions. (1) In this chapter unless the context otherwise requires: (a) "Buyer" means a person who buys or contracts to buy goods. (b) "Good faith" in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.…
Page 1 of 26Next →