NRS
104.1103 Construction of Uniform Commercial Code to promote underlying
purposes and policies; applicability of supplemental principles of law.
1. The Uniform Commercial Code must be
liberally construed and applied to promote its underlying purposes and
policies, which are:
(a) To simplify, clarify and modernize the law
governing commercial transactions;
(b) To permit the continued expansion of
commercial practices through custom, usage and agreement of the parties; and
(c) To make uniform the law among the various
jurisdictions.
2. Unless displaced by the particular
provisions of the Uniform Commercial Code, the principles of law and equity,
including the law merchant and the law relative to capacity to contract,
principal and agent, estoppel, fraud, misrepresentation, duress, coercion,
mistake, bankruptcy, and other validating or invalidating cause supplement its
provisions.
(Added to NRS by 2005,
824)
Notes of Decisions
Droge v. AAAA Two Star Towing, Inc., 468 P.3d 862 (Nev. 2020).
· cites it 10× “3d 1021, 1024 (2013) (recognizing that NRS 104.1103 provides courts guidance with respect to how they should construe Nevada's U.”
Lombino v. Bank of Am., N.A., 797 F. Supp. 2d 1078 (D. Nev. 2011).
· cites it 3× “Defendants have not directed the court to any other provision of Nevada law except § 104.1103, and that section indicates that “the principles of law and equity” supplement the UCC “[ujnless displaced by the particular provisions.”
Newmar Corp. v. McCrary, 309 P.3d 1021 (Nev. 2013).
“” NRS 104.1103(1)(c). However, the jurisdictions are split as to whether revocation of acceptance is proper against a manufacturer, giving us the opportunity to decide the issue de novo.”
Droge Vs. Aaaa Two Star Towing, Inc., 2020 NV 33 (Nev. 2020).
· cites it 10× “3d 1021, 1024 (2013) (recognizing that NRS 104.1103 provides courts guidance with respect to how they should construe Nevada's U.”
InjuryLoans.com, LLC v. Buenrostro (D. Nev. 2021).
“3405 creates a cause of action in negligence against a 4 depositary bank wherein an employee entrusted with responsibility over the instrument 5 fraudulently endorses the instrument.”
— Nev. Rev. Stat. § 104.1103(1) — 2 cases
Droge v. AAAA Two Star Towing, Inc., 468 P.3d 862 (Nev. 2020).
“3d 1021, 1024 (2013) (recognizing that NRS 104.1103 provides courts guidance with respect to how they should construe Nevada's U.”
Droge Vs. Aaaa Two Star Towing, Inc., 2020 NV 33 (Nev. 2020).
“3d 1021, 1024 (2013) (recognizing that NRS 104.1103 provides courts guidance with respect to how they should construe Nevada's U.”
— Nev. Rev. Stat. § 104.1103(1)(c) — 1 case
Newmar Corp. v. McCrary, 309 P.3d 1021 (Nev. 2013).
“” NRS 104.1103(1)(c). However, the jurisdictions are split as to whether revocation of acceptance is proper against a manufacturer, giving us the opportunity to decide the issue de novo.”
— Nev. Rev. Stat. § 104.1103(2) — 3 cases
Lombino v. Bank of Am., N.A., 797 F. Supp. 2d 1078 (D. Nev. 2011).
“Defendants have not directed the court to any other provision of Nevada law except § 104.1103, and that section indicates that “the principles of law and equity” supplement the UCC “[ujnless displaced by the particular provisions.”
InjuryLoans.com, LLC v. Buenrostro (D. Nev. 2021).
“3405 creates a cause of action in negligence against a 4 depositary bank wherein an employee entrusted with responsibility over the instrument 5 fraudulently endorses the instrument.”
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