UNIFORM COMMERICIAL CODE

ARTICLE I.

General Provisions

Article I. of the UCC establishes...

Establishes the form and operation of the entire statute.

3 Basic guidelines to be used when applying the provisions of the code.

1. ^{State law applies unless superceeded by the provisions of the UCC.}
2. ^{_{Parties to contract, by agreement, vary the provisions of the code}}
3. _{The UCC is to be liberally construed (§ 1-102)}

The UCC is mean to (1) _______ (2) __________.

The UCC is to be applied in a manner that helps business along, which may mean (3) __________ (4) _________.

1.Promote

2.Commerce

3. Liberal

4.Interpretation

OBLIGATIONS IMPOSED IN ARTICLE I.

3 TYPES OBLIGATIONS IMPOSED

1. TO PERFORM IN "GOOD FAITH"---HONESTY IN FACT

2.TO PERFORM IN "REASONABLE TIME";  "REASONABLE" DETERMINE BY FACTS/SITUATION

3. PERFORM ACCORDING TO PAST BUSINESS DEALINGS AND PRACTICES