554.1305 Remedies to be liberally administered.
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/ia/chapter-554-uniform-commercial-code/554-1305A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. The remedies provided by this chapter 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 this chapter or by other rule of law.
2. Any right or obligation declared by this chapter is enforceable by action unless the provision declaring it specifies a different and limited effect.
[C24, 27, 31, 35, 39, §10001; C46, 50, 54, 58, 62, §554.73; C66, 71, 73, 75, 77, 79, 81, §554.1106]
2007 Acts, ch 41, §6, 46
CS2007, §554.1305
Referred to in §554.13501