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2020 Kentucky Revised Statutes
Chapter 355 - Uniform commercial code
Article 355.1 - General Provisions
355.1-305 Remedies to be liberally administered.

Universal Citation: KY Rev Stat § 355.1-305 (2020)
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355.1-305 Remedies to be liberally administered. (1) (2) The remedies provided by the Uniform Commercial Code 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 the Uniform Commercial Code or by other rule of law. Any right or obligation declared by the Uniform Commercial Code is enforceable by action unless the provision declaring it specifies a different and limited effect. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 242, sec. 19, effective July 12, 2006.
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