Ohio Revised Code Search
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Section 1301.303 | Course of performance, course of dealing, and usage of trade - UCC 1-303.
...he nature of the performance and opportunity for objection to it, accepts the performance or acquiesces in it without objection. (B) A "course of dealing" is a sequence of conduct concerning previous transactions between the parties to a particular transaction that is fairly to be regarded as establishing a common basis of understanding for interpreting their expressions and other conduct. (C) A "usage of tra... |
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Section 1301.304 | Obligation of good faith - UCC 1-304.
...n of good faith in its performance and enforcement. |
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Section 1301.305 | Remedies to be liberally administered - UCC 1-305.
... Revised Code is enforceable by action unless the provision declaring it specifies a different and limited effect. |
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Section 1301.306 | Waiver or renunciation of claim or right after breach - UCC 1-306.
... A claim or right arising out of an alleged breach may be discharged in whole or in part without consideration by agreement of the aggrieved party in an authenticated record. |
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Section 1301.307 | Prima facie evidence by third-party documents - UCC 1-307.
...Prima facie evidence by third-party documents [UCC 1-307] A document in due form purporting to be a bill of lading, policy or certificate of insurance, official weigher's or inspector's certificate, consular invoice, or any other document authorized or required by the contract to be issued by a third party is prima facie evidence of its own authenticity and genuineness and of the facts stated in the document ... |
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Section 1301.308 | Performance or acceptance under reservation of rights - UCC 1-308.
...performs or promises performance or assents to performance in a manner demanded or offered by the other party does not thereby prejudice the rights reserved. Such words as "without prejudice," "under protest," or the like are sufficient. (B) Division (A) of this section does not apply to an accord and satisfaction. |
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Section 1301.309 | Option to accelerate at will - UCC 1-309.
...ccessor in interest may accelerate payment or performance or require collateral or additional collateral "at will" or when the party "deems itself insecure," or in words of similar import, means that the party has power to do so only if that party in good faith believes that the prospect of payment or performance is impaired. The burden of establishing lack of good faith is on the party against which the power... |
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Section 1301.310 | Subordinated obligations - UCC 1-310.
...o performance of an obligation by agreement with either the person obligated or another creditor of the person obligated. Subordination does not create a security interest as against either the common debtor or a subordinated creditor. |
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Section 1301.311 | Transactions entered into before 7-1-62 - UCC 10-102(2).
...he filings shall be deemed to be filed under Chapters 1301., 1302., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code as of the original date or filing and may be continued or terminated as provided in those chapters. |
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Section 1301.401 | Effect of recording documents.
...shall be constructive notice to the whole world of the existence and contents of either document as a public record and of any transaction referred to in that public record, including, but not limited to, any transfer, conveyance, or assignment reflected in that record. (C) Any person contesting the validity or effectiveness of any transaction referred to in a public record is considered to have discovered tha... |
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Section 1302.01 | Definitions - UCC 2-103 to 2-106.
...64 of the Revised Code; (2) "Banker's credit", as defined in section 1302.38 of the Revised Code; (3) "Confirmed credit", as defined in section 1302.38 of the Revised Code; (4) "Cover", as defined in section 1302.86 of the Revised Code; (5) "Entrusting", as defined in section 1302.44 of the Revised Code; (6) "Identification", as defined in section 1302.45 of the Revised Code; (7) "Installment contract", a... |
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Section 1302.02 | Scope - certain security and other transactions excluded - UCC 2-102.
...n unconditional contract to sell or present sale is intended to operate only as a security transaction nor do sections 1302.01 to 1302.98, inclusive, of the Revised Code impair or repeal any statute regulating sales to consumers, farmers, or other specified classes of buyers. |
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Section 1302.03 | Goods to be severed from realty - recording - UCC 2-107.
...ler but until severance a purported present sale thereof which is not effective as a transfer of an interest in land is effective only as a contract to sell. (B) A contract for the sale apart from the land of growing crops or other things attached to realty and capable of severance without material harm thereto but not described in division (A) of this section or of timber to be cut is a contract for the sale of goo... |
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Section 1302.04 | Formal requirements - statute of frauds - UCC 2-201.
... of five hundred dollars or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a contract for sale has been made between the parties and signed by the party against whom enforcement is sought or by his authorized agent or broker . A writing is not insufficient because it omits or incorrectly states a term agreed upon but the contract is not enforceable under ... |
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Section 1302.05 | Final written expression - parol or extrinsic evidence - UCC 2-202.
...evidence of consistent additional terms unless the court finds the writing to have been intended also as a complete and exclusive statement of the terms of the agreement. |
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Section 1302.06 | Seals inoperative - UCC 2-203.
...o a writing evidencing a contract for sale or an offer to buy or sell goods does not constitute the writing a sealed instrument and the law with respect to sealed instruments does not apply to such a contract or offer. |
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Section 1302.07 | Formation in general - UCC 2-204.
...constitute a contract for sale may be found even though the moment of its making is undetermined. (C) Even though one or more terms are left open a contract for sale does not fail for indefiniteness if the parties have intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy. |
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Section 1302.08 | Firm offers - UCC 2-205.
...that it will be held open is not revocable, for lack of consideration, during the time stated or if no time is stated for a reasonable time, but in no event may such period of irrevocability exceed three months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror. |
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Section 1302.09 | Offer and acceptance in formation of contract - UCC 2-206.
...er offer to buy goods for prompt or current shipment shall be construed as inviting acceptance either by a prompt promise to ship or by the prompt or current shipment of conforming or non-conforming goods, but such a shipment of non-conforming goods does not constitute an acceptance if the seller seasonably notifies the buyer that the shipment is offered only as an accommodation to the buyer. (B) Where the beginning... |
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Section 1302.10 | Additional terms in acceptance or confirmation - UCC 2-207.
...rent from those offered or agreed upon, unless acceptance is expressly made conditional on assent to the additional or different terms. (B) The additional terms are to be construed as proposals for addition to the contract. Between merchants, the terms become part of the contract unless one of the following applies: (1) The offer expressly limits acceptance to the terms of the offer. (2) They materially alter it. ... |
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Section 1302.12 | Modification, rescission, and waiver - UCC 2-209.
...ce will be required of any term waived, unless the retraction would be unjust in view of a material change of position in reliance on the waiver. |
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Section 1302.13 | Delegation of performance - assignment of rights - UCC 2-210.
...can be assigned except where the assignment would materially change the duty of the other party, or increase materially the burden or risk imposed on the other party by the contract, or impair materially the other party's chance of obtaining return performance. A right to damages for breach of the whole contract or a right arising out of the assignor's due performance of the assignor's entire obligation can be as... |
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Section 1302.14 | General obligations of parties - UCC 2-301.
...The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the contract. |
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Section 1302.15 | Unconscionable contract or clause - UCC 2-302.
...f the contract to have been unconscionable at the time it was made the court may refuse to enforce the contract or it may enforce the remainder of the contract without the unconscionable clause, or it may so limit the application of any unconscionable clause as to avoid any unconscionable result. (B) When it is claimed or appears to the court that the contract or any clause thereof may be unconscionable the parties ... |
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Section 1302.16 | Allocation or division of risks - UCC 2-303.
...k or a burden as between the parties "unless otherwise agreed" the agreement may not only shift the allocation but may also divide the risk or burden. |