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2018 Indiana Code
TITLE 26. Commercial Law
ARTICLE 1. UNIFORM COMMERCIAL CODE
CHAPTER 1. General Provisions
26-1-1-106. Remedies to be liberally administered
Universal Citation: IN Code § 26-1-1-106 (2018)
IC 26-1-1-106 Remedies to be liberally administered
Sec. 106. (1) The remedies provided by IC 26-1 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 nor penal damages may be had except as specifically provided in IC 26-1 or by other rule of law.
(2) Any right or obligation declared by IC 26-1 is enforceable by action unless the provision declaring it specifies a different and limited effect.
Formerly: Acts 1963, c.317, s.1-106. As amended by P.L.152-1986, SEC.114.
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